Western Alliance Bancorp (NYSE:WAL) currently has a daily average trading volume of 1.27M but it saw 983712 shares traded in last market. With a market cap of 7.71B USD, the company’s current market price of $69.71 came falling about -1.79 while comparing to the previous closing price of $70.98. 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 $67.91 while lowest mark touched by it was $69.785.
Taking a look at 20-day trading activity of Western Alliance Bancorp (WAL) gives us an average price of $66.76, while its current price level is -28.94% below from 52-week high level whereas it is 22.95% 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 $74.85 while that of 200 days or SMA-200 reads an average of $82.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.16% during that period while stretching the period over a month that increases to 6.57%. 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 48.98 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 1.47% up while it is -9.27% when we observe its performance for the past one month. Year-to-date it is -16.55% down and over the past year, the stock is showing an upside performance of 18.80%.
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 $876.55M as analysts are expecting the sales for current fiscal year at $3.38B and seeing the company making $3.71B in sales next year. Moreover, analysts are in estimates of $841.35M for current-quarter revenue.
Currently, Western Alliance Bancorp’s total number of outstanding shares is 110.40M with 2.65% of that held by the insiders while 89.83% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.57% and return on equity (ROE) at 12.36%. It has a price to earnings ratio (P/E ratio) of 9.58 while having a 6.65 of forward P/E ratio. Stock’s beta reads 1.29. Stock has a price to book (P/B) ratio of 1.16 while price to sale or P/S ratio amounts to 1.53. Its return on asset (ROA) is 1.01% on average.
