The stock of Walgreens Boots Alliance Inc. (NASDAQ:WBA) decreased by -$0.28 on Monday to finish at $29.07, down -0.95 percent. The last five days have seen an average of 6,098,960 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$8.29. The average number of shares traded over the last 20 days was 7,478,105, while the average volume over the last 50 days totaled 9,374,262.
WBA stock dropped -0.45% since last month. On 07/17/23, the company’s shares reached a one-month low of $28.85. The stock touched a high of $42.29 on 02/02/23, after rallying from a low of $28.14 in 52 weeks. The price of WBA stock has declined by -22.19% or -$8.29 this year, reaching a new high 3 times. Still, the stock price is down -31.26% from the 52-week high.
Insider Transactions
WBA stock investors should be aware that Walgreens Boots Alliance Inc. (WBA) stock had its last reported insider trading activity 12 days ago on Aug 03. On Aug 03, 10% Owner Walgreens Boots Alliance, Inc. sold 1,320,858 shares at $189.27 each. This transaction resulted in the insider making $250,000,115. On Jun 30, DRISCOLL JOHN PATRICK added 5,172 shares at a price of US$28.42. After the transaction, the insider now owns 59,050 shares. 10% Owner Walgreens Boots Alliance, Inc. had earlier sold 275,984 shares on Jun 15 for $181.17 a share. The transaction was completed for $50,000,021.
Valuation Metrics
Beta for the stock is 0.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.18, the price-to-book (PB) ratio of 1.19.
Company paid $0.48 per share in dividends, remained unchanged from $0.48 last year.
Financial Health
For the three months ended May 30, Walgreens Boots Alliance Inc.’s quick ratio was 0.30, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.46, and the total debt to equity ratio is 0.61. As far as profitability goes, gross margin for the trailing twelve months is 19.80% percent. Walgreens Boots Alliance Inc.’s operating margin stood at -6.20% for the same period. Based on annual data, it had gross profit of $28.27 billion and revenue of $132.7 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WBA’s return on assets (ROA) during the last 12 months has been -3.50%. There was a 4.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -15.10%.
Earnings Surprise
According to Walgreens Boots Alliance Inc.’s quarterly financial report for the quarter that ended May 30, it had $8.82 billion in total debt versus $752.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $34.86 billion, while revenues rose by 3.18% to $33.38 billion. It was predicted that Walgreens Boots Alliance Inc.’s quarterly earnings would be $1, but it ended up being $1.07, beating the consensus by -6.50%. EBITDA was $179.0 million for the quarter. At the end of Walgreens Boots Alliance Inc.’s most recent quarter ended May 30, its liabilities totaled 69.25 billion, while its total debt was $37.42 billion. Equity owned by shareholders amounts to $863.26 million.
Technical Picture
Here’s a quick look at Walgreens Boots Alliance Inc.’s (WBA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 36.32%, suggesting the stock is Neutral, with a 23.60% historical volatility rate.
The stochastic %K and %D were 6.03% and 8.06% respectively, while the average true range (ATR) was 0.62. Based on the 14-day stochastic reading of 1.75%, the RSI (14) reading is 40.44%. On the 9-day MACD Oscillator, the stock is at -0.47, and the 14-day reading is at -0.64.
Analyst Ratings
In a note to investors, Morgan Stanley maintained its an Underweight rating on Walgreens Boots Alliance Inc. (NASDAQ: WBA). However, the firm raised their price target to $27, indicating a possible increase of 21.43% in the stock price.
