Western Alliance Bancorp (NYSE:WAL) currently has a daily average trading volume of 1.40M but it saw 3195497 shares traded in last market. With a market cap of 9.22B USD, the company’s current market price of $83.74 came falling about -5.20 while comparing to the previous closing price of $88.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $98.10 and as low as $53.75. In the recent trading on the day, stock has struck highest price mark of $83.73 while lowest mark touched by it was $89.0725.
Taking a look at 20-day trading activity of Western Alliance Bancorp (WAL) gives us an average price of $91.55, while its current price level is -14.63% below from 52-week high level whereas it is 55.80% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $89.12 while that of 200 days or SMA-200 reads an average of $73.60. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.69% during that period while stretching the period over a month that decreases to 2.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.39 which implies that the stock is in neutral territory.
Deutsche Bank upgraded its recommendation for the stock as a “Buy” from “Hold” on October 07, 2024 while assigning a price target range of $83-$101. Hovde Group also issued its recommendations for the stock as it resumed the price target for the stock is $75.
Over the week, WAL’s stock price is moving -7.89% down while it is -6.19% when we observe its performance for the past one month. Year-to-date it is 27.28% up and over the past year, the stock is showing an upside performance of 31.71%.
Currently, Western Alliance Bancorp’s total number of outstanding shares is 110.07M. Company’s return on investment (ROI) stands at 7.70% and return on equity (ROE) at 11.57%. It has a price to earnings ratio (P/E ratio) of 12.94 while having a 9.34 of forward P/E ratio. Stock’s beta reads 1.44. Stock has a price to book (P/B) ratio of 1.44 while price to sale or P/S ratio amounts to 1.89. Its return on asset (ROA) is 0.95% on average.
