Understanding Basic Stock Data: Bank of America Corporation (BAC)

In the past 52-week period, shares of Bank of America Corporation (NYSE:BAC) have moved within the range of $21.77 to $30.03. On the stock’s most recent trading day, the company’s shares ended the regular session at $29.73, which is 1% lower than its 52-week high.

Bank of America Corporation (BAC) has demonstrated a 20-day simple moving average (SMA) of 2.62%, and a 50-day SMA of 7.01%. This public company’s current market capitalization stands at $309.48 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for Bank of America Corporation (BAC) is Outperform.

Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Bank of America Corporation (BAC) delivered a 0.47% surprise with its net revenue. Sales reached $22.08 billion during the three-month period, compared to the average analyst estimate of $21.98 billion.

Meanwhile, during the same quarter Bank of America Corporation (BAC) delivered a 5.77% earnings surprise. Net earnings for the quarter were posted at $0.48 per share, whereas Wall Street had forecast $0.45 per share.

Ownership at Bank of America Corporation (BAC), According to Most Recent SEC Filings

A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. Bank of America Corporation (BAC) has 0 billion shares outstanding currently, 69.89% of which belong to institutional investors. Those institutional holdings amount to $217.1 billion.

Additionally, according to the most recent 13F filing from Bank of America Corporation (BAC), there were 107 new positions totaling 760,915,078 shares of the company’s stock. There were 75 sold out positions, on the other hand, totaling 31,835,817 shares.

Short, Medium and Long Term Indicators

Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. Bank of America Corporation (BAC) has had a 20-day average volume of 82,873,281 shares, with an average of 80% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 69,320,297 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 67,168,945 shares with 100% of long-term indicators pointing to Buy.