Walgreens Boots Alliance Inc (NASDAQ:WBA) price on current trading day, rose 1.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.69.
A look at the stock’s price movement, the level at last check in today’s session was $12.53, moving within a range at $12.315 and $12.71. The beta value (5-Year monthly) was 0.669. Turning to its 52-week performance, $23.76 and $8.08 were the 52-week high and 52-week low respectively. Overall, WBA moved 22.09% over the past month.
Walgreens Boots Alliance Inc’s market cap currently stands at around $10.96 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 7.88%. 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 37.9B for the company’s revenue for the quarter, with a low and high estimate of 36.6B and 39.46B respectively. The average forecast suggests up to a 2.30% 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 151.94B, representing a 2.90% 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 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy 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 24.90% and 33.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.61, while 7-day volatility ratio is 7.37% and 5.53% in the 30-day chart. Further, Walgreens Boots Alliance Inc (WBA) has a beta value of 0.61, and an average true range (ATR) of 0.65. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $9 and high of $12. Looking at the price targets, the low is 29.08% off recent price level in today’s trading while to achieve the yearly target high, it has to move 5.44%. Nonetheless, investors will most likely welcome a 21.2% jump to $10 which is the analysts’ median price.
If we refocus on Walgreens Boots Alliance Inc (NASDAQ:WBA), historical trading data shows that trading volumes averaged 30.57 over the past 10 days and 24.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 863.49 million shares.
The 17.90% of Walgreens Boots Alliance Inc’s shares are in the hands of company insiders while institutional holders own 61.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 96.53 million on 2024-12-13, giving us a short ratio of 3.78. The data shows that as of 2024-12-13 short interest in Walgreens Boots Alliance Inc (WBA) stood at 1338.9999999999998 of shares outstanding, with shares short falling to 100.79 million registered in 2024-11-15. Current price change has pushed the stock 35.96% 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.