Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Western Alliance Bancorp (NYSE: WAL) closed the day trading at $88.05 down -1.26% from the previous closing price of $89.17. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 1.49 million shares were traded. WAL stock price reached its highest trading level at $89.745 during the session, while it also had its lowest trading level at $87.87.
Ratios:
For a better understanding of WAL, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.99.
On October 07, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $83 to $101.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 13 ’24 when Segedi Bryan K sold 1,000 shares for $94.36 per share. The transaction valued at 94,360 led to the insider holds 16,675 shares of the business.
Segedi Bryan K bought 1,000 shares of WAL for $94,583 on Nov 13 ’24. On Sep 13 ’24, another insider, LATTA ROBERT P, who serves as the Director of the company, sold 2,955 shares for $81.12 each. As a result, the insider received 239,710 and left with 38,621 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WAL now has a Market Capitalization of 9691575296 and an Enterprise Value of 11544735744. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.42, and their Forward P/E ratio for the next fiscal year is 8.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 3.966.
Stock Price History:
The Beta on a monthly basis for WAL is 1.46, which has changed by 0.48934376 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, WAL has reached a high of $98.10, while it has fallen to a 52-week low of $53.75. The 50-Day Moving Average of the stock is -0.48%, while the 200-Day Moving Average is calculated to be 14.47%.
Shares Statistics:
Over the past 3-months, WAL traded about 1.09M shares per day on average, while over the past 10 days, WAL traded about 1619080 shares per day. A total of 110.10M shares are outstanding, with a floating share count of 108.41M. Insiders hold about 1.51% of the company’s shares, while institutions hold 89.96% stake in the company. Shares short for WAL as of 1735603200 were 5651808 with a Short Ratio of 4.76, compared to 1732838400 on 6477775. Therefore, it implies a Short% of Shares Outstanding of 5651808 and a Short% of Float of 5.2800003.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.07.
