The stock of WaFd Inc (NASDAQ: WAFD) has increased by 0.49 when compared to last closing price of 36.77.Despite this, the company has seen a gain of 6.76% in its stock price over the last five trading days. zacks.com reported 2024-10-17 that The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in WaFd Inc (NASDAQ: WAFD) Right Now?
WaFd Inc (NASDAQ: WAFD) has a higher price-to-earnings ratio of 14.82x compared to its average ratio. WAFD has 36-month beta value of 0.82. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for WAFD is 79.93M, and currently, short sellers hold a 2.55% ratio of that float. The average trading volume of WAFD on October 18, 2024 was 564.23K shares.
WAFD’s Market Performance
WAFD stock saw an increase of 6.76% in the past week, with a monthly gain of 2.44% and a quarterly increase of 7.38%. The volatility ratio for the week is 2.58%, and the volatility levels for the last 30 days are 2.47% for WaFd Inc (WAFD). The simple moving average for the last 20 days is 5.94% for WAFD’s stock, with a simple moving average of 21.12% for the last 200 days.
Analysts’ Opinion of WAFD
Many brokerage firms have already submitted their reports for WAFD stocks, with Stephens repeating the rating for WAFD by listing it as a “Equal-Weight.” The predicted price for WAFD in the upcoming period, according to Stephens is $32 based on the research report published on December 08, 2023 of the previous year 2023.
DA Davidson, on the other hand, stated in their research note that they expect to see WAFD reach a price target of $43. The rating they have provided for WAFD stocks is “Buy” according to the report published on March 15th, 2022.
Stephens gave a rating of “Equal-Weight” to WAFD, setting the target price at $36 in the report published on February 19th of the previous year.
WAFD Trading at 5.07% from the 50-Day Moving Average
After a stumble in the market that brought WAFD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.45% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +1.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.21% upper at present.
During the last 5 trading sessions, WAFD rose by +6.76%, which changed the moving average for the period of 200-days by +12.07% in comparison to the 20-day moving average, which settled at $34.88. In addition, WaFd Inc saw 12.11% 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 WAFD starting from Cooper Cathy E, who sale 14,000 shares at the price of $28.52 back on May 21 ’24. After this action, Cooper Cathy E now owns 88,691 shares of WaFd Inc, valued at $399,273 using the latest closing price.
Stock Fundamentals for WAFD
Current profitability levels for the company are sitting at:
- 0.51 for the present operating margin
- 0.7 for the gross margin
The net margin for WaFd Inc stands at 0.17. The total capital return value is set at 0.03. Equity return is now at value 7.07, with 0.74 for asset returns.
Based on WaFd Inc (WAFD), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is 0.88.
Currently, EBITDA for the company is 325.08 million with net debt to EBITDA at 19.48. When we switch over and look at the enterprise to sales, we see a ratio of 4.22. The receivables turnover for the company is 4.67for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
To put it simply, WaFd Inc (WAFD) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
