Signature Bank (NASDAQ:SBNY) went down by -4.26% from its latest closing price compared to the recent 1-year high of $374.76. The company’s stock price has collected -26.14% of loss in the last five trading sessions. Barron’s reported on 01/25/22 that Crypto Is Failing Its Stress Test, and Wall Street Is Cutting Price Targets on Crypto Stocks
Is It Worth Investing in Signature Bank (NASDAQ :SBNY) Right Now?
Signature Bank (NASDAQ:SBNY) scored a price-to-earnings ratio above its average ratio, recording 13.96 x from its present earnings ratio. Plus, the 36-month beta value for SBNY is at 1.77. Opinions of the stock are interesting as 17 analysts out of 17 who provided ratings for Signature Bank declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $401.81, which is $204.67 above the current price. SBNY currently public float of 58.67M and currently shorts hold a 2.97% ratio of that float. Today, the average trading volume of SBNY was 905.24K shares.
SBNY’s Market Performance
SBNY stocks went down by -26.14% for the week, with a monthly drop of -28.01% and a quarterly performance of -42.82%, while its annual performance rate touched -19.46%. The volatility ratio for the week stands at 8.08% while the volatility levels for the past 30 days are set at 5.46% for Signature Bank. The simple moving average for the period of the last 20 days is -26.05% for SBNY stocks with a simple moving average of -36.92% for the last 200 days.
Analysts’ Opinion of SBNY
Morgan Stanley, on the other hand, stated in their research note that they expect to see SBNY reach a price target of $475. The rating they have provided for SBNY stocks is “Overweight” according to the report published on January 11th, 2022.
JP Morgan gave a rating of “Overweight” to SBNY, setting the target price at $250 in the report published on February 09th of the previous year.
SBNY Trading at -33.44% from the 50-Day Moving Average
After a stumble in the market that brought SBNY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.31% of loss for the given period.
Volatility was left at 5.46%, however, over the last 30 days, the volatility rate increased by 8.08%, as shares sank -31.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.50% lower at present.
During the last 5 trading sessions, SBNY fell by -23.92%, which changed the moving average for the period of 200-days by -19.12% in comparison to the 20-day moving average, which settled at $247.46. In addition, Signature Bank saw -39.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SBNY
Current profitability levels for the company are sitting at:
- +54.06 for the present operating margin
The net margin for Signature Bank stands at +39.74. Equity return is now at value 10.90, with 0.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.