Stocks On The Road To Nowhere: Umpqua Holdings Corporation (UMPQ), Alaska Air Group, Inc. (ALK)

UMPQ trading volume has lost -728392 shares compared to readings over the past three months as it recently exchanged 1301608 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2030000 shares, and this is 0.64 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 57.19 point.

Umpqua Holdings Corporation (NASDAQ:UMPQ) dipped by -13.44% over the past three months which led to its overall six-month decrease to stand at -22.02%. The equity price rose 5.52% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 2.24% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -18.4% and is now up by 11.82% since start of this year.

The shares of Umpqua Holdings Corporation dropped by -28.57% or -$7.11 from its last recorded high of $24.89 which it attained on August 06 to close at $17.78 per share. Over the past 52 weeks, the shares of Umpqua Holdings Corporation has been trading as low as $15.09 before witnessing a massive surge by 17.83% or $2.69. This price movement has led to the UMPQ stock receiving more attention and has become one to watch out for. It jumped by 0.17% on Sunday and this got the market excited. The stock’s beta now stands at 1.11 and when compared to its 200-day moving average and its 50-day moving average, UMPQ price stands -16.13% below and -1.91% below respectively. Its average daily volatility for this week is 2.84% which is less than the 3.29% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Umpqua Holdings Corporation (UMPQ) with most of them predicting a $21.25 price target on a short-term (12 months) basis. The average price target by the analysts will see a 19.52% rise in the stock and would lead to UMPQ’s market cap to surge to $4.67B. The stock has been rated an average 2.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 12 analysts that track Umpqua Holdings Corporation (NASDAQ:UMPQ) and find out that 7 of them rated it as a Hold. 5 of the 5 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

Analysts have predicted a price target for Alaska Air Group, Inc. (ALK) for 1 year and it stands at an average $81.4/share. This means that it would likely increase by 26.91% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $67. On the other hand, one analyst is super bullish about the price, setting a target as high as $110.

The ALK stock Stochastic Oscillator (%D) is at 86.23%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.97 which compares to the 1 recorded by the industry or the 43.86 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 9.8, which is lower than the 15.64 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 22.6% over the past five years.

Analysts view Alaska Air Group, Inc. (NYSE:ALK) as a Hold, with 2.1 consensus rating. Reuters surveyed 16 analysts that follow ALK and found that 5 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Alaska Air Group, Inc. (ALK) shares or sell it if they already own it.