As of Thursday close, Walgreens Boots Alliance Inc.’s (NASDAQ:WBA) stock was down -$1.03, moving down -3.65 percent to $27.16. The average number of shares traded per day over the past five days has been 7,060,020 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.07 fall in that time frame. In the last twenty days, the average volume was 7,760,815, while in the previous 50 days, it was 9,508,092.
Since last month, WBA stock retreated -9.25%. Shares of the company fell to $27.12 on 08/17/23, the lowest level in the past month. A 52-week high of $42.29 was reached on 02/02/23 after having rallying from a 52-week low of $28.14. Since the beginning of this year, WBA’s stock price has dropped by -27.30% or -$10.20, and marked a new high 3 times. However, the stock has declined by -35.78% since its 52-week high.
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WBA stock investors should be aware that Walgreens Boots Alliance Inc. (WBA) stock had its last reported insider trading activity 15 days ago on Aug 03. Walgreens Boots Alliance, Inc., the 10% Owner of the company, disposed of 1,320,858 shares for $189.27 on Aug 03. It resulted in a $250,000,115 divestment by the insider. DRISCOLL JOHN PATRICK added 5,172 shares at an average price of $28.42 on Jun 30. The insider now owns 59,050 shares following the transaction. On Jun 15, 10% Owner Walgreens Boots Alliance, Inc. sold 275,984 shares at $181.17 apiece. The transaction was valued at $50,000,021.
Valuation Metrics
The stock’s beta is 0.68. Besides these, the trailing price-to-sales (P/S) ratio of 0.17, the price-to-book (PB) ratio of 1.11.
The latest dividend of $0.48 per share was paid out, remained unchanged from last year’s $0.48.
Financial Health
In the three months ended May 30, Walgreens Boots Alliance Inc.’s quick ratio stood at 0.30, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 0.46, and the total debt-to-equity ratio was 0.61. On the profitability front, the trailing twelve-month gross margin is 19.80% percent. In the year ended May 30, EBITDA margin amounted to 3.59%, whereas operating margins totaled -6.20%. Based on annual data, WBA earned $28.27 billion in gross profit and brought in $132.7 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.60%. Return on equity (ROE) for the past 12 months was -15.10%.
In Walgreens Boots Alliance Inc.’s quarter-end financial report for May 30, it reported total debt of $8.82 billion against cash and short-term investments of $752.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WBA’s revenue rose 3.18% to $33.38 billion during the quarter, while net income inched up to $34.86 billion. While analysts expected Walgreens Boots Alliance Inc. to report $1.07 quarterly earnings, the actual figure was $1 per share, beating the consensus estimate by -6.50%. During the quarter, the company generated $179.0 million in EBITDA. The liabilities of Walgreens Boots Alliance Inc. were 69.25 billion at the end of its most recent quarter ended May 30, and its total debt was $37.42 billion. The value of shareholders’ equity is $863.26 million.
Technical Picture
This quick technical analysis looks at Walgreens Boots Alliance Inc.’s (WBA) price momentum. With a historical volatility rate of 16.14%, the RSI 9-day stood at 18.94% on 17 August.
With respect to its five-day moving average, the current Walgreens Boots Alliance Inc. price is down by -7.08% percent or -$2.07. At present, WBA shares trade -10.19% below its 20-day simple moving average and -16.94% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.86% below its SMA50 and -25.75% below its SMA200.
Stochastic coefficient K was 0.61% and Stochastic coefficient D was 1.92%, while ATR was 0.66. Given the Stochastic reading of 1.09% for the 14-day period, the RSI (14) reading has been calculated as 27.34%. As of today, the MACD Oscillator reading stands at -0.94, while the 14-day reading stands at -1.35.
Analyst Ratings
Morgan Stanley reiterated its an Underweight rating on Walgreens Boots Alliance Inc. (NASDAQ: WBA) in a note to investors. The analysts firm has however raised their price target to $27, representing a possible 26.59% increase in the stock price. Walgreens Boots Alliance Inc. (WBA) has been rated Hold by analysts. According to 1 brokerage firm, WBA is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Walgreens Boots Alliance Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $31.00, the current consensus forecast for the stock is $27.00 – $41.00. Based on these forecasts, analysts predict Walgreens Boots Alliance Inc. (WBA) will achieve an average price target of $31.62.
