Walgreens Boots Alliance Inc (NASDAQ:WBA) price on current trading day, fall -2.99% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.04.
A look at the stock’s price movement, the close in the last trading session was $11.38. Turning to its 52-week performance, $22.05 and $8.08 were the 52-week high and 52-week low respectively. Overall, WBA moved -2.65% over the past month.
Walgreens Boots Alliance Inc’s market cap currently stands at around $9.54 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.75, with its dividend yield at 6.79%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WBA is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 6.70% and 5.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.98, while 7-day volatility ratio is 7.18% and 5.61% in the 30-day chart. Further, Walgreens Boots Alliance Inc (WBA) has a beta value of 0.59, 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 18.48% off current price level while to achieve the yearly target high, price needs to move -8.7%. Nonetheless, investors will most likely welcome a 9.42% 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 25.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 863.49 million shares.
The 17.88% of Walgreens Boots Alliance Inc’s shares are in the hands of company insiders while institutional holders own 63.18% of the company’s shares. Current price change has pushed the stock 18.33% 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.
