Walgreens Boots Alliance Inc (NASDAQ:WBA) price on current trading day, fall -0.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.11.
A look at the stock’s price movement, the level at last check in today’s session was $11.12, moving within a range at $11.1 and $11.1751. The beta value (5-Year monthly) was 0.598. Turning to its 52-week performance, $22.05 and $8.08 were the 52-week high and 52-week low respectively. Overall, WBA moved 5.76% over the past month.
Walgreens Boots Alliance Inc’s market cap currently stands at around $9.61 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-09. The company has a Forward Dividend ratio of 0.75, with its dividend yield at 6.75%. 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 151.63B, representing a 2.69% 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 100% Buy. On the other hand, the stock is on average a 100% Buy 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 0.59% and 1.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.32, while 7-day volatility ratio is 0.73% and 3.85% in the 30-day chart. Further, Walgreens Boots Alliance Inc (WBA) has a beta value of 0.66, and an average true range (ATR) of 0.38. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $9 and high of $10. Looking at the price targets, the low is 18.99% off recent price level in today’s trading while to achieve the yearly target high, it has to move 9.99%. Nonetheless, investors will most likely welcome a 14.49% jump to $9.5 which is the analysts’ median price.
If we refocus on Walgreens Boots Alliance Inc (NASDAQ:WBA), historical trading data shows that trading volumes averaged 27.57 over the past 10 days and 25.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 863.49 million shares.
The 17.72% of Walgreens Boots Alliance Inc’s shares are in the hands of company insiders while institutional holders own 63.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 62.97 million on 2025-02-28, giving us a short ratio of 2.5. The data shows that as of 2025-02-28 short interest in Walgreens Boots Alliance Inc (WBA) stood at 872.99995 of shares outstanding, with shares short falling to 63.51 million registered in 2025-01-31. Current price change has pushed the stock 19.13% 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.
