A share price of Western Alliance Bancorp [WAL] is currently trading at $88.69, up 3.82%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WAL shares have gain 5.07% over the last week, with a monthly amount glided 12.91%, and seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
Western Alliance Bancorp [NYSE: WAL] stock has seen the most recent analyst activity on October 07, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $101 from $83. On March 08, 2024, Barclays initiated with a Overweight rating and assigned a price target of $91 on the stock. Wells Fargo downgraded its rating to a Equal Weight and increased its price target to $72 on January 30, 2024. Citigroup initiated its recommendation with a Buy and recommended $61 as its price target on December 01, 2023. In a note dated June 28, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $41 on this stock.
Western Alliance Bancorp experienced fluctuations in its stock price throughout the past year between $38.81 and $88.92. Currently, Wall Street analysts expect the stock to reach $89.22 within the next 12 months. Western Alliance Bancorp [NYSE: WAL] shares were valued at $88.69 at the most recent close of the market. An investor can expect a potential return of 0.6% based on the average WAL price forecast.
Analyzing the WAL fundamentals
Trailing Twelve Months sales for Western Alliance Bancorp [NYSE:WAL] were 4.74B which represents 16.90% growth. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 86.98 points at the first support level, and at 85.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.64, and for the 2nd resistance point, it is at 90.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Western Alliance Bancorp [NYSE:WAL] is 0.14. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 13.35.
Transactions by insiders
Recent insider trading involved LATTA ROBERT P, Director, that happened on Sep 13 ’24 when 2955.0 shares were sold. Director, ROBERT P. LATTA completed a deal on Sep 13 ’24 to buy 2955.0 shares. Meanwhile, Director LATTA ROBERT P sold 2996.0 shares on Sep 09 ’24.
