Walgreens Boots Alliance Inc (NASDAQ:WBA) shares, rose in value, with the stock price down by -0.35% to the previous day’s close as strong demand from buyers drove the stock to $11.58.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.62, falling within a range of $11.48 and $12.09. The value of beta (5-year monthly) is 0.669. Referring to stock’s 52-week performance, its high was $23.76, and the low was $8.08. On the whole, WBA has fluctuated by 23.84% over the past month.
With the market capitalization of Walgreens Boots Alliance Inc currently standing at about $10.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 8.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 151.89B, with a low estimate of 36.6B and a high estimate of 39.46B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 37.9B.
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% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of WBA currently trading nearly 9.30% and 19.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.62, while the 7-day volatility ratio is showing 6.02% which for the 30-day chart, stands at 5.37%. Furthermore, Walgreens Boots Alliance Inc (WBA)’s beta value is 0.65, and its average true range (ATR) is 0.73.
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 -0.35% in today’s session so far, and over the past year, it shrunk by -48.67%%.
Data on historical trading for Walgreens Boots Alliance Inc (NASDAQ:WBA) indicates that the trading volumes over the past 10 days have averaged 36.5 and over the past 3 months, they’ve averaged 24.09 million. According to company’s latest data on outstanding shares, there are 863.49 million shares outstanding.
Nearly 17.90% of Walgreens Boots Alliance Inc’s shares belong to company insiders and institutional investors own 61.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 96.53 million shares as on 2024-12-13, resulting in a short ratio of 3.78. According to the data, the short interest in Walgreens Boots Alliance Inc (WBA) stood at 1339.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 100.79 million. The stock has risen by 24.11% 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.
