Walgreens Boots Alliance Inc (NASDAQ:WBA) shares, rose in value, with the stock price down by -3.13% to the previous day’s close as strong demand from buyers drove the stock to $9.43.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.73, falling within a range of $9.41 and $9.73. The value of beta (5-year monthly) is 0.669. Referring to stock’s 52-week performance, its high was $27.05, and the low was $8.08. On the whole, WBA has fluctuated by 4.38% over the past month.
With the market capitalization of Walgreens Boots Alliance Inc currently standing at about $8.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 10.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 149.33B, 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 37.41B.
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 5.63% and 1.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.50, while the 7-day volatility ratio is showing 11.29% which for the 30-day chart, stands at 5.98%. Furthermore, Walgreens Boots Alliance Inc (WBA)’s beta value is 0.63, and its average true range (ATR) is 0.56.
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 -3.13% in today’s session so far, and over the past year, it shrunk by -61.73%%.
Data on historical trading for Walgreens Boots Alliance Inc (NASDAQ:WBA) indicates that the trading volumes over the past 10 days have averaged 29.06 and over the past 3 months, they’ve averaged 23.31 million. According to company’s latest data on outstanding shares, there are 864.00 million shares outstanding.
Nearly 17.88% of Walgreens Boots Alliance Inc’s shares belong to company insiders and institutional investors own 60.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 101.28 million shares as on 2024-11-29, resulting in a short ratio of 5.31. According to the data, the short interest in Walgreens Boots Alliance Inc (WBA) stood at 1606.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 87.43 million. The stock has fallen by -63.90% 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.
