As of Friday close, Washington Federal Inc.’s (NASDAQ:WAFD) stock was down -$1.49, moving down -4.71 percent to $30.13. The average number of shares traded per day over the past five days has been 3,911,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.56 fall in that time frame. In the last twenty days, the average volume was 1,422,285, while in the previous 50 days, it was 840,398.
Since last month, WAFD stock retreated -18.85%. Shares of the company fell to $29.08 on 03/13/23, the lowest level in the past month. A 52-week high of $39.17 was reached on 02/15/23 after having rallying from a 52-week low of $29.08. Since the beginning of this year, WAFD’s stock price has dropped by -10.19% or -$3.42, and marked a new high 8 times. However, the stock has declined by -23.09% since its 52-week high.
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Sponsored
WAFD stock investors should be aware that Washington Federal Inc. (WAFD) stock had its last reported insider trading activity 5 days ago on Mar 13. BEARDALL BRENT J, the President & CEO of the company, purchased of 1,600 shares for $30.20 on Mar 13. It resulted in a $48,320 investment by the insider. TALBOT RANDALL H added 3,500 shares at an average price of $31.10 on Mar 10. The insider now owns 51,879 shares following the transaction. On Jan 23, EVP & Chief Operations Officer Robison Kim E sold 7,148 shares at $34.00 apiece. The transaction was valued at $243,032.
Valuation Metrics
Right now, Washington Federal Inc. (WAFD) has a P/E ratio of about 7.85. The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 2.63, the price-to-book (PB) ratio of 0.97, and the price-to-cash flow ratio of 8.42 may also be considered.
The latest dividend of $0.25 per share was paid out, which is 4.17% more than last year’s $0.24. On Tuesday February 14 2023, a $0.01 dividend increase was announced.
Financial Health
In the year ended December 30, operating margins totaled 85.20%. Based on annual data, WAFD earned $594.59 million in gross profit and brought in $666.36 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.70%. Return on equity (ROE) for the past 12 months was 12.90%.
In Washington Federal Inc.’s quarter-end financial report for December 30, it reported total debt of $3.08 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Washington Federal Inc. to report $1.09 quarterly earnings, the actual figure was $1.16 per share, beating the consensus estimate by 6.40%. The value of shareholders’ equity is $65.42 million.
Technical Picture
This quick technical analysis looks at Washington Federal Inc.’s (WAFD) price momentum. With a historical volatility rate of 44.02%, the RSI 9-day stood at 20.03% on 17 March.
With respect to its five-day moving average, the current Washington Federal Inc. price is down by -4.92% percent or -$1.56. At present, WAFD shares trade -17.27% below its 20-day simple moving average and -18.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.34% below its SMA50 and -7.15% below its SMA200.
Stochastic coefficient K was 29.70% and Stochastic coefficient D was 36.93%, while ATR was 1.88. Given the Stochastic reading of 15.74% for the 14-day period, the RSI (14) reading has been calculated as 25.93%. As of today, the MACD Oscillator reading stands at -1.09, while the 14-day reading stands at -2.06.
Analyst Ratings
DA Davidson upgraded its rating on Washington Federal Inc. (NASDAQ: WAFD) to a Buy in a note to investors on March 15, 2022. The analysts firm previously had a Neutral rating on the stock.Washington Federal Inc. (WAFD) has been rated Overweight by analysts. According to 0 brokerage firms, WAFD is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Washington Federal Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $37.00 – $48.00. Based on these forecasts, analysts predict Washington Federal Inc. (WAFD) will achieve an average price target of $43.33.