Western Alliance Bancorp (NYSE:WAL) currently has a daily average trading volume of 1.33M but it saw 1882585 shares traded in last market. With a market cap of 7.22B USD, the company’s current market price of $68.70 came rising about 5.14 while comparing to the previous closing price of $65.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $98.10 and as low as $56.70. In the recent trading on the day, stock has struck highest price mark of $67.75 while lowest mark touched by it was $71.82.
Taking a look at 20-day trading activity of Western Alliance Bancorp (WAL) gives us an average price of $68.51, while its current price level is -29.97% below from 52-week high level whereas it is 21.16% 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 $76.69 while that of 200 days or SMA-200 reads an average of $82.00. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.46% during that period while stretching the period over a month that increases to 6.63%. 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 47.37 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 3.98% up while it is -14.67% when we observe its performance for the past one month. Year-to-date it is -17.76% down and over the past year, the stock is showing an upside performance of 19.60%.
The company is expected to be releasing its next quarterly report on 2025-Apr-20, for which analysts forecasted an EPS of 2.03 while estimate for next year EPS is 8.62. In next quarter, company is expected to be making quarterly sales of $876.81M as analysts are expecting the sales for current fiscal year at $3.39B and seeing the company making $3.72B in sales next year. Moreover, analysts are in estimates of $841.16M for current-quarter revenue.
Currently, Western Alliance Bancorp’s total number of outstanding shares is 110.40M with 2.72% of that held by the insiders while 90.45% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.39% and return on equity (ROE) at 12.36%. It has a price to earnings ratio (P/E ratio) of 9.69 while having a 6.55 of forward P/E ratio. Stock’s beta reads 1.33. Stock has a price to book (P/B) ratio of 1.14 while price to sale or P/S ratio amounts to 1.44. Its return on asset (ROA) is 1.01% on average.
