Northwest Bancshares Inc (NASDAQ:NWBI) saw a downside of -0.90% to close Friday at $9.96 after subtracting -$0.09 on the day. The 5-day average trading volume is 557,160 shares of the company’s common stock. It has gained $10.77 in the past week and touched a new high 1 time within the past 5 days. An average of 603,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 531,778.
NWBI’s 1-month performance is -9.54% or -$1.04 on its low of $9.90 reached on 09/22/23. The company’s shares have touched a 52-week low of $9.91 and high of $15.35, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, NWBI has lost -28.76% or -$4.02 and has reached a new high 6 times. However, the current price is down -35.11% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
NWBI stock investors last saw insider trading activity on Sep 13.Barnum Carey A. (SVP, Chief Auditor) most recently sold 82 shares at $12.29 per share on Jul 27. This transaction cost the insider $1,008. EVP, Retail Lend & Bus Banking, Colestro James M, sold 227 shares at a price of $11.05 on Jun 07. Then, on Jun 05, EVP, Retail Lend & Bus Banking Colestro James M sold 75 shares at a price of $10.90 per share. This transaction amounted to $817.
Valuation Metrics
NWBI stock has a beta of 0.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.00 while the price-to-book (PB) in the most recent quarter is 0.84, with the price to cash flow ratio at 7.18.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.16, while the total debt to equity was 0.58. The firm’s gross profit as reported stood at $420.68 million against revenue of $448.8 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NWBI to announce $0.26 per share in earnings in its latest quarter, but it posted $0.26, representing a 0.00% surprise. Shareholders hold equity totaling $127.1 million.
Let’s look briefly at Northwest Bancshares Inc (NWBI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 22.83% to suggest the stock is trending oversold, with historical volatility in this time period at 25.79%.
The stock’s 5-day moving average is $10.25, reflecting a -7.18% or -$0.77 change from its current price. NWBI is currently trading -10.03% above its 20-day SMA, -12.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.67% and SMA200 by-30.40%.
Stochastic %K and %D was 7.44% and 14.66% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 27.54%, while the 14-day stochastic is at 4.76% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.34 and -0.43 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Northwest Bancshares Inc (NASDAQ: NWBI), Janney launched coverage with a Neutral rating. Analysts offering their rating for NWBI stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate NWBI as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is NWBI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $13.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Northwest Bancshares Inc (NWBI) stock is $11.40.
