The stock of East West Bancorp, Inc. (EWBC) has gone up by 9.35% for the week, with a 14.52% rise in the past month and a 16.45% rise in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are 2.29% for EWBC. The simple moving average for the last 20 days is 10.44% for EWBC stock, with a simple moving average of 21.58% for the last 200 days.
Is It Worth Investing in East West Bancorp, Inc. (NASDAQ: EWBC) Right Now?
The price-to-earnings ratio for East West Bancorp, Inc. (NASDAQ: EWBC) is above average at 11.92x, Company’s 36-month beta value is 1.29.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for EWBC is 137.17M, and currently, short sellers hold a 3.59% ratio of that floaft. The average trading volume of EWBC on October 18, 2024 was 684.63K shares.
EWBC) stock’s latest price update
East West Bancorp, Inc. (NASDAQ: EWBC)’s stock price has surge by 1.54relation to previous closing price of 91.66. Nevertheless, the company has seen a 9.35% surge in its stock price over the last five trading sessions. zacks.com reported 2024-10-17 that East West Bancorp (EWBC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of EWBC
Many brokerage firms have already submitted their reports for EWBC stocks, with Barclays repeating the rating for EWBC by listing it as a “Overweight.” The predicted price for EWBC in the upcoming period, according to Barclays is $106 based on the research report published on March 08, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see EWBC reach a price target of $79. The rating they have provided for EWBC stocks is “Overweight” according to the report published on December 08th, 2023.
Morgan Stanley gave a rating of “Overweight” to EWBC, setting the target price at $76 in the report published on December 04th of the previous year.
EWBC Trading at 13.36% from the 50-Day Moving Average
After a stumble in the market that brought EWBC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.42% of gains for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares surge +11.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.18% upper at present.
During the last 5 trading sessions, EWBC rose by +9.35%, which changed the moving average for the period of 200-days by +27.69% in comparison to the 20-day moving average, which settled at $84.27. In addition, East West Bancorp, Inc. saw 29.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EWBC starting from LIU JACK C, who sale 2,000 shares at the price of $83.50 back on Aug 23 ’24. After this action, LIU JACK C now owns 16,557 shares of East West Bancorp, Inc., valued at $167,000 using the latest closing price.
LIU JACK C, the Officer of East West Bancorp, Inc., proposed sale 2,000 shares at $78.35 during a trade that took place back on Aug 09 ’24, which means that LIU JACK C is holding shares at $156,700 based on the most recent closing price.
Stock Fundamentals for EWBC
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.89 for the gross margin
The net margin for East West Bancorp, Inc. stands at 0.26. The total capital return value is set at 0.03. Equity return is now at value 16.09, with 1.56 for asset returns.
Based on East West Bancorp, Inc. (EWBC), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 1.1.
Currently, EBITDA for the company is -103.31 million with net debt to EBITDA at -2.36. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.18.
Conclusion
In a nutshell, East West Bancorp, Inc. (EWBC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
