Walgreens Boots Alliance Inc (NASDAQ:WBA) price on Wednesday, October 23, fall -3.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.35.
A look at the stock’s price movement, the close in the last trading session was $9.73, moving within a range at $9.26 and $9.731. The beta value (5-Year monthly) was 0.681. Turning to its 52-week performance, $27.05 and $8.22 were the 52-week high and 52-week low respectively. Overall, WBA moved 9.61% over the past month.
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Walgreens Boots Alliance Inc’s market cap currently stands at around $8.08 billion, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 1.23, with its dividend yield at 13.16%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 37.32B for the company’s revenue for the quarter, with a low and high estimate of 36.62B and 38.17B respectively. The average forecast suggests up to a 16.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 148.7B, representing a 0.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WBA is a 75% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 4 recommend WBA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WBA’s current price about -0.48% and -0.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.56, while 7-day volatility ratio is 6.12% and 5.02% in the 30-day chart. Further, Walgreens Boots Alliance Inc (WBA) has a beta value of 0.68, and an average true range (ATR) of 0.52. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $2 and high of $57. Looking at the price targets, the low is 78.61% off current price level while to achieve the yearly target high, price needs to move -509.63%. Nonetheless, investors will most likely welcome a -39.04% jump to $13 which is the analysts’ median price.
If we refocus on Walgreens Boots Alliance Inc (NASDAQ:WBA), historical trading data shows that trading volumes averaged 34.48 over the past 10 days and 20.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 864.00 million shares.
The 17.56% of Walgreens Boots Alliance Inc’s shares are in the hands of company insiders while institutional holders own 61.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 94.65 million on 2024-09-30, giving us a short ratio of 4.42. The data shows that as of 2024-09-30 short interest in Walgreens Boots Alliance Inc (WBA) stood at 1504.0 of shares outstanding, with shares short rising to 82.91 million registered in 2024-08-30. Current price change has pushed the stock -64.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WBA stock continues to rise going into the next quarter.
