Walgreens Boots Alliance Inc (NASDAQ:WBA) shares, rose in value on Thursday, March 14, with the stock price down by -1.97% to the previous day’s close as strong demand from buyers drove the stock to $20.64.
Actively observing the price movement in the recent trading, the stock is buoying the session at $21.05. The value of beta (5-year monthly) is 0.72 whereas the PE ratio is 31.03 over 12-month period. Referring to stock’s 52-week performance, its high was $36.58, and the low was $19.68. On the whole, WBA has fluctuated by -4.25% over the past month.
With the market capitalization of Walgreens Boots Alliance Inc currently standing at about $17.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 28, 2024. The company’s Forward Dividend Ratio is 1.69, with its dividend yield at 8.19%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.83, which is expected to increase to $1.02 for fiscal year $3.26 and then to about $3.56 by fiscal year 2025. Data indicates that the EPS growth is expected to be -18.10% in 2025, while the next year’s EPS growth is forecast to be 9.20%.
Analysts have estimated the company’s revenue for the quarter at $35.89 billion, with a low estimate of $35.17 billion and a high estimate of $37.18 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $144.33 billion, representing an increase of 3.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WBA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% 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 PEG ratio is about 0, with the price of WBA currently trading nearly -3.61% and -8.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.02, while the 7-day volatility ratio is showing 2.63% which for the 30-day chart, stands at 2.86%. Furthermore, Walgreens Boots Alliance Inc (WBA)’s beta value is 0.72, and its average true range (ATR) is 0.65.
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 -1.97% in today’s session so far, and over the past year, it shrunk by -38.01%%.
Data on historical trading for Walgreens Boots Alliance Inc (NASDAQ:WBA) indicates that the trading volumes over the past 10 days have averaged 8.83 million and over the past 3 months, they’ve averaged 14.03 million. According to company’s latest data on outstanding shares, there are 863.67 million shares outstanding.
Nearly 17.51% of Walgreens Boots Alliance Inc’s shares belong to company insiders and institutional investors own 59.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 31.19 million shares as on Feb 29, 2024, resulting in a short ratio of 2.22. According to the data, the short interest in Walgreens Boots Alliance Inc (WBA) stood at 3.62% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 34.67 million. The stock has fallen by -20.97% 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.
