Walgreens Boots Alliance Inc. (NASDAQ:WBA) finished Thursday with a subtraction of -$1.22 to close at $25.32, a downside of -4.60 percent. An average of 8,852,580 shares of common stock have been traded in the last five days. There was a fall of -$1.84 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 7,773,480 shares traded, while the 50-day average volume stands at 9,805,645.
WBA stock has decreased by -17.93% in the last month. The company shares reached their 1-month lowest point of $25.30 on 08/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $26.12 and a high of $42.29 in 52 weeks. It has reached a new high 3 times so far this year and lost -32.23% or -$12.04 in price. In spite of this, the price is down -40.13% 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 22 days ago on Aug 03. In this transaction, the insider spent $250,000,115. 10% Owner, Walgreens Boots Alliance, Inc., disposed of 275,984 shares at a price of $181.17 on Jun 15. The insider now owns more than $50,000,021 worth of shares. Prior to that, 10% Owner Walgreens Boots Alliance, Inc. went on to Sale 292,792 shares at $170.77 each on May 11. An amount of $50,000,090 was transacted.
Valuation Metrics
Walgreens Boots Alliance Inc. (WBA) stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.16, the price-to-book (PB) ratio at 1.04.
The company has a payout ratio of 38.21%. The company’s most recent quarterly dividend payment was $0.48 a share, without any change from last year. Its latest increase dividend $0.0025 reported on Wednesday July 13 2022.
Financial Health
The quick ratio of Walgreens Boots Alliance Inc. for the three months ended May 30 was 0.30, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.61 for the quarter ending May 30. Walgreens Boots Alliance Inc.’s EBITDA margin for the year ending May 30 is 3.59%, while its operating margin for the same period stands at -6.20%. Its gross profit as reported stood at $28.27 billion compared to revenue of $132.7 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Walgreens Boots Alliance Inc.’s return on assets was -3.50%.
Earnings Surprise
For the three-month period that ended May 30, Walgreens Boots Alliance Inc. had $8.82 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $703.0 million in the quarter, while revenues of -$3.72 billion were shrunk -25.6%. The analyst consensus anticipated Walgreens Boots Alliance Inc.’s latest quarter earnings to come in at $1.07 per share, but it turned out to be $1, a -6.50% surprise. For the quarter, EBITDA amounted to $179.0 million. Shareholders own equity worth $863.26 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Walgreens Boots Alliance Inc. (WBA) price momentum. RSI 9-day as of the close on 24 August was 12.27%, suggesting the stock is oversold, with historical volatility in this time frame at 21.56%.
As of today, WBA’s price is $26.28 -6.77% or -$1.84 from its 5-day moving average. WBA is currently trading -17.34% lower than its 20-day SMA and -26.78% lower than its 100-day SMA. However, the stock’s current price level is -20.75% below the SMA50 and -31.70% below the SMA200.
The stochastic %K and %D were 6.26% and 6.33%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 0.41% and the average true range at 0.68, the RSI (14) stands at 20.02%. The stock has reached -1.02 on the 9-day MACD Oscillator while the 14-day reading was at -1.84.
Analyst Ratings
Morgan Stanley reiterated its an Underweight rating on Walgreens Boots Alliance Inc. (NASDAQ: WBA), but raised their price target to $37, indicating a potential price increase of 31.57% for the stock. The consensus rating for Walgreens Boots Alliance Inc. (WBA) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell WBA, while 13 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is WBA’s price target for the next 12 months?
Analysts predict a range of price targets between $27.00 and $41.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for Walgreens Boots Alliance Inc. (WBA) stock is $31.38.
