Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Western Alliance Bancorporation’s current trading price is -39.47% away from its 52-week high, while its distance from the 52-week low is 558.58%. The stock’s price range during this period has varied between $7.46 and $81.17. The company, active in the Financial sector, saw a trading volume of around 2.05 million for the day, considerably lower average daily volume of 2.27 million observed over the last three months.
Western Alliance Bancorporation (WAL) has a current stock price of $49.13. During the previous trading session, the stock witnessed a notable rise, reaching a high of $49.58 after opening at $48.79. The stock’s low for the day was $48.26, and it eventually closed at $47.96.
Western Alliance Bancorporation’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $81.17 on 02/02/23, and the lowest price during the same period was recorded at $7.46 on 03/13/23.
How Financial Performance Impacts Market Capitalization
Western Alliance Bancorporation (WAL) has experienced a quarterly rise of 27.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.25B and boasts a workforce of 3365 employees.
Decoding Analysts’ Ratings for Western Alliance Bancorporation
As of right now, 14 analysts are rating Western Alliance Bancorporation as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 41.46, with a change in price of +8.54. Similarly, Western Alliance Bancorporation recorded 4,671,799 in trading volume during the last 100 days, posting a change of +21.04%.
How WAL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for WAL stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.31.
WAL Stock Stochastic Average
As of today, the raw stochastic average of Western Alliance Bancorporation over the past 50 days is 73.96%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 56.76%. Additionally, the Stochastic %K and %D values for the company were 49.40% and 44.45%, respectively, over the past 20 days.
WAL Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -17.51% this year. Over the last six months, there has been a weaker performance of 51.87%. The price of WAL fallen by 0.47% during the last 30 days period. For the last 5-days stocks have improved 4.38%.