In the past week, WAL stock has gone down by -2.98%, with a monthly decline of -4.44% and a quarterly plunge of -10.53%. The volatility ratio for the week is 3.18%, and the volatility levels for the last 30 days are 3.15% for Western Alliance Bancorp The simple moving average for the past 20 days is -7.40% for WAL’s stock, with a 4.56% simple moving average for the past 200 days.
Is It Worth Investing in Western Alliance Bancorp (NYSE: WAL) Right Now?
Western Alliance Bancorp (NYSE: WAL) has a higher price-to-earnings ratio of 8.52x compared to its average ratio, The 36-month beta value for WAL is at 1.48. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for WAL is 108.37M, and currently, shorts hold a 4.64% of that float. The average trading volume for WAL on April 19, 2024 was 1.49M shares.
WAL) stock’s latest price update
Western Alliance Bancorp (NYSE: WAL)’s stock price has plunge by 0.45relation to previous closing price of 55.49. Nevertheless, the company has seen a -2.98% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Analysts’ Opinion of WAL
Many brokerage firms have already submitted their reports for WAL stocks, with Barclays repeating the rating for WAL by listing it as a “Overweight.” The predicted price for WAL in the upcoming period, according to Barclays is $91 based on the research report published on March 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see WAL reach a price target of $72, previously predicting the price at $62. The rating they have provided for WAL stocks is “Equal Weight” according to the report published on January 30th, 2024.
Citigroup gave a rating of “Buy” to WAL, setting the target price at $61 in the report published on December 01st of the previous year.
WAL Trading at -6.24% from the 50-Day Moving Average
After a stumble in the market that brought WAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.63% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares sank -9.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.80% lower at present.
During the last 5 trading sessions, WAL fell by -2.98%, which changed the moving average for the period of 200-days by +48.68% in comparison to the 20-day moving average, which settled at $59.90. In addition, Western Alliance Bancorp saw -15.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WAL starting from LATTA ROBERT P, who sale 5,370 shares at the price of $56.07 back on Dec 11 ’23. After this action, LATTA ROBERT P now owns 2,996 shares of Western Alliance Bancorp, valued at $301,096 using the latest closing price.
Stock Fundamentals for WAL
Current profitability levels for the company are sitting at:
- 0.68 for the present operating margin
- 1.0 for the gross margin
The net margin for Western Alliance Bancorp stands at 0.27. The total capital return value is set at 0.05. Equity return is now at value 12.64, with 1.04 for asset returns.
Based on Western Alliance Bancorp (WAL), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 2.42. The interest coverage ratio of the stock is 1.35.
Currently, EBITDA for the company is 86.5 million with net debt to EBITDA at 6.08. When we switch over and look at the enterprise to sales, we see a ratio of 4.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In conclusion, Western Alliance Bancorp (WAL) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
