Walgreens Boots Alliance Inc (NASDAQ:WBA) shares, rose in value, with the stock price up by 2.38% to the previous day’s close as strong demand from buyers drove the stock to $9.46.
Actively observing the price movement in the last trading, the stock closed the session at $9.24, falling within a range of $9.08 and $9.5. The value of beta (5-year monthly) was 0.681. Referring to stock’s 52-week performance, its high was $27.05, and the low was $8.22. On the whole, WBA has fluctuated by 8.74% over the past month.
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With the market capitalization of Walgreens Boots Alliance Inc currently standing at about $8.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.23, with its dividend yield at 13.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 148.84B, with a low estimate of 36.62B and a high estimate of 38.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 37.39B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WBA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of WBA currently trading nearly -1.14% and 2.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.66, while the 7-day volatility ratio is showing 3.55% which for the 30-day chart, stands at 4.73%. Furthermore, Walgreens Boots Alliance Inc (WBA)’s beta value is 0.68, and its average true range (ATR) is 0.45.
A comparison of Walgreens Boots Alliance Inc (WBA) with its peers suggests the former has fared considerably weaker in the market. WBA showed an intraday change of 2.38% in last session, and over the past year, it shrunk by -55.12%%.
Data on historical trading for Walgreens Boots Alliance Inc (NASDAQ:WBA) indicates that the trading volumes over the past 10 days have averaged 20.75 and over the past 3 months, they’ve averaged 20.84 million. According to company’s latest data on outstanding shares, there are 864.00 million shares outstanding.
Nearly 17.61% of Walgreens Boots Alliance Inc’s shares belong to company insiders and institutional investors own 61.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 85.2 million shares as on 2024-10-15, resulting in a short ratio of 3.65. According to the data, the short interest in Walgreens Boots Alliance Inc (WBA) stood at 1351.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 89.56 million. The stock has fallen by -63.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WBA stock heading into the next quarter.
