Walgreens Boots Alliance Inc (NASDAQ: WBA)’s stock price has gone rise by 3.70 in comparison to its previous close of 17.59, however, the company has experienced a 2.18% increase in its stock price over the last five trading days. The Motley Fool reported 2024-04-21 that Realty Income is one of the most rock-solid REITs in the world. The stock has been beaten down lately by its interest rate sensitivity – not because anything is wrong with the business.
Is It Worth Investing in Walgreens Boots Alliance Inc (NASDAQ: WBA) Right Now?
The 36-month beta value for WBA is at 0.80. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 5 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for WBA is 711.61M, and currently, shorts hold a 4.95% of that float. The average trading volume for WBA on April 22, 2024 was 12.98M shares.
WBA’s Market Performance
WBA’s stock has seen a 2.18% increase for the week, with a -13.51% drop in the past month and a -17.09% fall in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 3.36% for Walgreens Boots Alliance Inc The simple moving average for the last 20 days is -4.73% for WBA’s stock, with a simple moving average of -21.84% for the last 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 -11.18% 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 -49.53% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -12.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.04% lower at present.
During the last 5 trading sessions, WBA rose by +2.18%, which changed the moving average for the period of 200-days by -37.66% in comparison to the 20-day moving average, which settled at $19.02. In addition, Walgreens Boots Alliance Inc saw -30.14% 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 Bhandari Inderpal S, who purchase 3,000 shares at the price of $18.05 back on Apr 11 ’24. After this action, Bhandari Inderpal S now owns 3,000 shares of Walgreens Boots Alliance Inc, valued at $54,150 using the latest closing price.
Mahajan Manmohan, the EVP and Global CFO of Walgreens Boots Alliance Inc, purchase 6,000 shares at $19.38 during a trade that took place back on Apr 02 ’24, which means that Mahajan Manmohan is holding 166,969 shares at $116,280 based on the most recent closing price.
Stock Fundamentals for WBA
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.18 for the gross margin
The net margin for Walgreens Boots Alliance Inc stands at -0.04. The total capital return value is set at -0.01. 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 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is -1.47.
Currently, EBITDA for the company is -2.58 billion with net debt to EBITDA at 21.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.34. The receivables turnover for the company is 23.32for trailing twelve months and the total asset turnover is 1.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
In conclusion, Walgreens Boots Alliance Inc (WBA) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
