Walgreens Boots Alliance Inc. (NASDAQ:WBA) saw a downside of -1.17% to close Tuesday at $29.53 after subtracting -$0.35 on the day. The 5-day average trading volume is 7,049,540 shares of the company’s common stock. It has gained $30.79 in the past week and touched a new high 2 times within the past 5 days. An average of 8,079,735 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,586,828.
WBA’s 1-month performance is -0.87% or $0.43 on its low of $28.85 reached on 07/17/23. The company’s shares have touched a 52-week low of $28.14 and high of $42.29, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, WBA has lost -20.96% or -$7.83 and has reached a new high 3 times. However, the current price is down -30.17% from the 52-week high price.
Insider Transactions
WBA stock investors last saw insider trading activity on Aug 03.Walgreens Boots Alliance, Inc. (10% Owner) most recently sold 1,320,858 shares at $189.27 per share on Aug 03. This transaction cost the insider $250,000,115. 10% Owner, Walgreens Boots Alliance, Inc., sold 275,984 shares at a price of $181.17 on Jun 15. Then, on May 11, 10% Owner Walgreens Boots Alliance, Inc. sold 292,792 shares at a price of $170.77 per share. This transaction amounted to $50,000,090.
Valuation Metrics
WBA stock has a beta of 0.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.19 while the price-to-book (PB) in the most recent quarter is 1.21.
Walgreens Boots Alliance Inc.’s quick ratio for the period ended May 30 was 0.30, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.46, while the total debt to equity was 0.61.. In terms of profitability, the gross margin trailing 12 months is 19.80%. The trailing 12-month EBITDA margin is 3.59% while for the period ending May 30, Walgreens Boots Alliance Inc.’s operating margin was -6.20%. The firm’s gross profit as reported stood at $28.27 billion against revenue of $132.7 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Walgreens Boots Alliance Inc.’s cash and short-term investments amounted to $752.0 million against total debt of $37.42 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -25.6% to $703.0 million, while revenue of -$3.72 billion was 629.3% off the previous quarter. Analysts expected WBA to announce $1.07 per share in earnings in its latest quarter, but it posted $1, representing a -6.50% surprise. EBITDA for the quarter stood at more than $179.0 million. WBA stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 69.25 billion, with total debt at $37.42 billion. Shareholders hold equity totaling $863.26 million.
Let’s look briefly at Walgreens Boots Alliance Inc. (WBA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 41.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.91%.
The stock’s 5-day moving average is $30.05, reflecting a -0.14% or -$0.04 change from its current price. WBA is currently trading -3.40% above its 20-day SMA, -11.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.47% and SMA200 by-11.56%.
Stochastic %K and %D was 29.32% and 42.68% and the average true range (ATR) pointed at 0.73. The RSI (14) points at 43.97%, while the 14-day stochastic is at 19.05% with the period’s ATR at 0.73. The stock’s 9-day MACD Oscillator is pointing at -0.27 and -0.46 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Walgreens Boots Alliance Inc. (NASDAQ: WBA), Morgan Stanley reiterated its an Underweight rating for the company but lifted their price target by $37 to $27. Analysts offering their rating for WBA stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate WBA as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is WBA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $27.00 and a high of $41.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for Walgreens Boots Alliance Inc. (WBA) stock is $31.62.
