Walgreens Boots Alliance Inc (NASDAQ:WBA) traded at $9.10 at last check on current trade day and made a downward move of -1.62% on its previous day’s price.
Looking at the stock we see that its previous close was $9.25 and the beta (5Y monthly) reads 0.683 with the day’s price range being $9.06 – $9.22. In terms of its 52-week price range, WBA has a high of $27.05 and a low of $9.03. The company’s stock has lost about -20.73% over that past 30 days.
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Walgreens Boots Alliance Inc has a market cap of $7.86 billion and is expected to release its quarterly earnings report on 2024-Oct-10. With its Forward Dividend at 1.23 and a yield of 13.52%, the company’s investors could be anxious for the WBA stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.36, with the EPS growth for the year raised at 2.85 for current year and 2.85 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 35.75B, with a low of 34.24B and a high of 36.38B. The median projection represents growth squeezing down to 0.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 145.49B, or 4.60% up from figures reported last year.
On the other hand, looking at the outlook for the WBA stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 11 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Walgreens Boots Alliance Inc (WBA) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -12.03% off its SMA20 and -20.13% from its 50-day simple moving average. The RSI (14) is pointing at 27.63 while the volatility over the past week is 5.08% and jumps to 3.91% over the past one month. The beta value is 0.69, while the average true range (ATR) is currently pointing at 0.42. The average price target for the stock over the next 12 months is $17, with the estimates having a low of $2 and a high of $57. These price ends are 78.02% and -526.37% off the today’s price level respectively, although investors could be excited at the prospect of a -86.81% if the WBA share price touches on the median price of $17.
Coming back to Walgreens Boots Alliance Inc (NASDAQ:WBA), we note that the average 3-month trading volume was 19.98 million, while that of the preceding 10-day period stands at 20.66 million. Current shares outstanding are 863.67 million.
The insiders hold 17.56% of the company’s shares while institutions hold 61.23%. The data shows that short shares as of 2024-08-15, stood at 71.97 million at a short ratio of 4.01. This represents a 1144.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 68.14 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -65.15% down in year-to-date price movement.
