Walgreens Boots Alliance Inc (NASDAQ:WBA) price on Thursday, May 09, rose 0.47% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.31.
A look at the stock’s price movement, the level at last check in today’s session was $17.23. Turning to its 52-week performance, $32.89 and $17.21 were the 52-week high and 52-week low respectively. Overall, WBA moved -3.93% over the past month.
Walgreens Boots Alliance Inc’s market cap currently stands at around $14.93 billion. The company has a Forward Dividend ratio of 1.69, with its dividend yield at 9.76%. 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 36.01B for the company’s revenue for the quarter, with a low and high estimate of 34.87B and 37B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 145.3B, representing a 4.50% 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% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
WBA’s current price about -2.29% and -10.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.62, while 7-day volatility ratio is 2.18% and 2.38% in the 30-day chart. Further, Walgreens Boots Alliance Inc (WBA) has a beta value of 0.79, and an average true range (ATR) of 0.47.
If we refocus on Walgreens Boots Alliance Inc (NASDAQ:WBA), historical trading data shows that trading volumes averaged 11.60 million over the past 3 months. The company’s latest data on shares outstanding shows there are 863.67 million shares.
The 17.52% of Walgreens Boots Alliance Inc’s shares are in the hands of company insiders while institutional holders own 59.43% of the company’s shares. Current price change has pushed the stock -33.70% 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.