The stock of Walgreens Boots Alliance Inc (NASDAQ: WBA) has increased by 3.19 when compared to last closing price of 21.02. Despite this, the company has experienced a 4.28% gain in its stock price over the last five trading sessions. Yahoo Finance reported 2024-03-31 that Walgreens Boots Alliance (WBA) posted its second report, revealing a quarterly revenue that beat expectations but a narrow outlook for 2024, citing difficult conditions within the retail environment. Jefferies Healthcare Services Equity Researcher Brian Tanquilut joins Yahoo Finance to discuss Walgreens’ performance for the quarter and how it can mount a turnaround.
Is It Worth Investing in Walgreens Boots Alliance Inc (NASDAQ: WBA) Right Now?
Moreover, the 36-month beta value for WBA is 0.72. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 14 as “hold,” and 3 as “sell.”
The public float for WBA is 711.34M and currently, short sellers hold a 4.38% of that float. On April 01, 2024, WBA’s average trading volume was 13.50M shares.
WBA’s Market Performance
WBA’s stock has seen a 4.28% increase for the week, with a 2.50% rise in the past month and a -18.58% fall in the past quarter. The volatility ratio for the week is 3.25%, and the volatility levels for the past 30 days are at 2.81% for Walgreens Boots Alliance Inc The simple moving average for the past 20 days is 3.61% for WBA’s stock, with a -10.56% simple moving average for the past 200 days.
Analysts’ Opinion of WBA
Many brokerage firms have already submitted their reports for WBA stocks, with Leerink Partners repeating the rating for WBA by listing it as a “Market Perform.” The predicted price for WBA in the upcoming period, according to Leerink Partners is $23 based on the research report published on February 26, 2024 of the current year 2024.
Barclays gave a rating of “Underweight” to WBA, setting the target price at $21 in the report published on January 03rd of the current year.
WBA Trading at -0.17% from the 50-Day Moving Average
After a stumble in the market that brought WBA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.71% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 3.25%, as shares surge +2.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.17% lower at present.
During the last 5 trading sessions, WBA rose by +4.28%, which changed the moving average for the period of 200-days by -31.45% in comparison to the 20-day moving average, which settled at $20.95. In addition, Walgreens Boots Alliance Inc saw -16.93% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WBA starting from Walgreens Boots Alliance, Inc., who sale 4,212,395 shares at the price of $235.41 back on Feb 07 ’24. After this action, Walgreens Boots Alliance, Inc. now owns 26,277,561 shares of Walgreens Boots Alliance Inc, valued at $991,639,907 using the latest closing price.
JARRETT VALERIE B, the Director of Walgreens Boots Alliance Inc, purchase 4,456 shares at $22.44 during a trade that took place back on Jan 29 ’24, which means that JARRETT VALERIE B is holding 4,456 shares at $99,993 based on the most recent closing price.
Stock Fundamentals for WBA
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.15 for the gross margin
The net margin for Walgreens Boots Alliance Inc stands at -0.07. The total capital return value is set at -0.23. Equity return is now at value -34.82, with -6.54 for asset returns.
Based on Walgreens Boots Alliance Inc (WBA), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 2.49. The interest coverage ratio of the stock is -24.55.
Currently, EBITDA for the company is -2.58 billion with net debt to EBITDA at -2.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 28.16for trailing twelve months and the total asset turnover is 2.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
To wrap up, the performance of Walgreens Boots Alliance Inc (WBA) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
