Bank of America Corporation (NYSE:BAC) belongs to Financial sector and Banks – Diversified industry. The company has experienced volume of 71,489,027 shares while on average the company has a capacity of trading 58.47M share. Bank of America Corporation has a total market value of 212.47B at the time of writing – representing $8.74B outstanding shares. Turning to other widely-considered trading data, this company’s half yearly performance is observed at 10.47%. The Average True Range for this company’s stock is currently 0.69.
Bank of America Corporation (NYSE:BAC) has shown weekly performance of 3.52%. Its yearly performance remained -23.80%. Year-to-date (YTD) performance of the stock was -29.90%. The company has Relative Strength Index (RSI 14) of 44.74 along with Average True Range (ATR 14) of 0.69. Its weekly and monthly volatility is 2.55%, 2.57% respectively. The company’s beta value is at 1.58. Analysts mean recommendation for the stock is 2.30. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
Observing the Technical Indicators:
Bank of America Corporation institutional ownership is held at 72.50% while insider ownership was 0.10%. As of now, BAC has a P/S, P/E and P/B values of 3.72, 12.20 and 0.89 respectively. Its P/Cash is valued at 0.21.
The stock has seen its SMA50 which is now -3.88%. In looking the SMA 200 we see that the stock has seen a -6.17%.The Company’s net profit margin for the 12 months at 39.70%. Comparatively, the gazes have a Gross margin N/A.
Looking into the profitability ratios of BAC stock, an investor will find its ROE, ROA, ROI standing at 9.30%, 0.90% and 6.00%, respectively.
Reading RSI pointer
Where Do Relative Strength Index (RSI) Stands?
Perhaps, it is one of the most important indicators, because it is used in the technical analysis of the stock in the money market. The relative strength index (RSI) is claimed to depict the latest and past performances of the stock market, based upon the ending price volumes of the current trading period. The RSI is characterized as a momentum oscillator, evaluating the speed and scale of directional price shifts. The momentum exemplifies both rising and falling rates of the Price in the stock market. Using RSI, you can calculate momentum as the percentage of elevated closes to reduced closes. But if the stocks have experienced optimistic changes rapidly, then it might have an increased RSI than stocks. So, it might cause negative changes in the market.
The RSI index is largely used by traders on a 14-day time period and is evaluated on a range from 0 to 100, along with both high and low volumes marked at 70 and 30, correspondingly. Both the shorter and longer timeframes are used by the traders for shorter and longer purposes. It further adds high and low ranges like from 80 to 20 and from 90 to 10.
This trend takes place less repeatedly. However, it represents stronger momentum in the market. In the meantime, the Bank of America Corporation’s 14-day RSI was settled at 44.74. All in all, the trends of the stock market were shifting slowly but surely.
Earnings per Share Details of Bank of America Corporation:
The EPS of BAC is strolling at 2.02, measuring its EPS growth this year at 5.60%. As a result, the company has an EPS growth of 18.82% for the approaching year.
Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
The payout ratio shows the proportion of earnings paid out as dividends to shareholders, typically expressed as a percentage of the company’s earnings. The payout ratio can also be expressed as dividends paid out as a proportion of cash flow. The payout ratio is also known as the dividend payout ratio.
What Does the Payout Ratio Tell You?
The payout ratio is a key financial metric used to determine the sustainability of a company’s dividend payments. It is the amount of dividends paid to shareholders relative to the total net income of a company.
Formula for the Payout Ratio Is
“Payout Ratio = Dividends / Earnings”
Is It Overvalued? Look at the Payout Ratio of BAC
BAC has a Payout Ratio of 28.00%.