Western Alliance Bancorp (NYSE:WAL) shares, rose in value, with the stock price up by 0.09% to the previous day’s close as strong demand from buyers drove the stock to $58.68.
Actively observing the price movement in the last trading, the stock closed the session at $58.63. The value of beta (5-year monthly) was 1.45 whereas the PE ratio was 8.55 over 12-month period. Referring to stock’s 52-week performance, its high was $70.23, and the low was $11.35. On the whole, WAL has fluctuated by -8.63% over the past month.
With the market capitalization of Western Alliance Bancorp currently standing at about $6.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 16, 2024 – Apr 22, 2024. The company’s Forward Dividend Ratio is 1.46, with its dividend yield at 2.49%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WAL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WAL currently trading nearly -0.44% and -1.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.25, while the 7-day volatility ratio is showing 3.00% which for the 30-day chart, stands at 3.25%. Furthermore, Western Alliance Bancorp (WAL)’s beta value is 1.46, and its average true range (ATR) is 2.13.
A comparison of Western Alliance Bancorp (WAL) with its peers suggests the former has fared considerably weaker in the market. WAL showed an intraday change of 0.09% in last session, and over the past year, it grew by 55.53%%.
Data on historical trading for Western Alliance Bancorp (NYSE:WAL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.50 million. According to company’s latest data on outstanding shares, there are 109.47 million shares outstanding.
Nearly 1.64% of Western Alliance Bancorp’s shares belong to company insiders and institutional investors own 82.42% of the company’s shares. The stock has fallen by -10.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WAL stock heading into the next quarter.
