Western Alliance Bancorp (WAL) concluded trading on Wednesday at a closing price of $93.50, with 0.48 million shares of worth about $44.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.66% during that period and on November 27, 2024 the price saw a loss of about -0.56%. Currently the company’s common shares owned by public are about 109.47M shares, out of which, 108.41M shares are available for trading.
Stock saw a price change of 4.86% in past 5 days and over the past one month there was a price change of 11.39%. Year-to-date (YTD), WAL shares are showing a performance of 42.12% which increased to 92.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.60 but also hit the highest price of $98.10 during that period. The average intraday trading volume for Western Alliance Bancorp shares is 1.52 million. The stock is currently trading 3.48% above its 20-day simple moving average (SMA20), while that difference is up 6.91% for SMA50 and it goes to 31.06% higher than SMA200.
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
Western Alliance Bancorp (NYSE: WAL) currently have 109.47M outstanding shares and institutions hold larger chunk of about 90.54% of that.
The stock has a current market capitalization of $10.29B and its 3Y-monthly beta is at 1.45. PE ratio of stock for trailing 12 months is 14.45, while it has posted earnings per share of $6.47 in the same period. Its PEG reads 1.38 while making debt-to-equity ratio of 0.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WAL, volatility over the week remained 2.88% while standing at 2.93% over the month.
Stock’s fiscal year EPS is expected to rise by 8.57% while it is estimated to increase by 27.25% in next year. EPS is likely to grow at an annualized rate of 10.45% for next 5-years, compared to annual growth of 9.60% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on October 07, 2024 offering a Buy rating for the stock and assigned a target price range of between $83 and $101 to it. Coverage by Hovde Group stated Western Alliance Bancorp (WAL) stock as an Outperform in their note to investors on April 22, 2024, suggesting a price target of $75 for the stock. On March 08, 2024, Barclays Initiated their recommendations, while on January 30, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $72. Stock get a Buy rating from Citigroup on December 01, 2023.
