The stock of Walgreens Boots Alliance Inc (NASDAQ: WBA) has decreased by -3.01 when compared to last closing price of 8.98. Despite this, the company has experienced a -5.43% fall in its stock price over the last five trading sessions. fool.com reported 2024-09-20 that Walgreens is struggling and is considering closing stores and selling assets. It brought on a new CEO last year who appears to be considering a wide range of possible moves for the business.
Is It Worth Investing in Walgreens Boots Alliance Inc (NASDAQ: WBA) Right Now?
Moreover, the 36-month beta value for WBA is 0.68. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for WBA is 711.68M and currently, short sellers hold a 11.65% of that float. On September 23, 2024, WBA’s average trading volume was 21.64M shares.
WBA’s Market Performance
WBA’s stock has seen a -5.43% decrease for the week, with a -16.17% drop in the past month and a -45.46% fall in the past quarter. The volatility ratio for the week is 3.92%, and the volatility levels for the past 30 days are at 4.30% for Walgreens Boots Alliance Inc The simple moving average for the past 20 days is -5.23% for WBA’s stock, with a -50.03% 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 -16.17% 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 -67.80% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares sank -13.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.80% lower at present.
During the last 5 trading sessions, WBA fell by -5.43%, which changed the moving average for the period of 200-days by -58.10% in comparison to the 20-day moving average, which settled at $9.13. In addition, Walgreens Boots Alliance Inc saw -66.64% 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 11,619,998 shares at the price of $11.13 back on Sep 11 ’24. After this action, Walgreens Boots Alliance, Inc. now owns 23,239,996 shares of Walgreens Boots Alliance Inc, valued at $129,330,578 using the latest closing price.
Walgreens Boots Alliance, Inc., the 10% Owner of Walgreens Boots Alliance Inc, sale 4,438,171 shares at $240.56 during a trade that took place back on Aug 01 ’24, which means that Walgreens Boots Alliance, Inc. is holding 19,980,000 shares at $1,067,646,416 based on the most recent closing price.
Stock Fundamentals for WBA
Current profitability levels for the company are sitting at:
- -0.09 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 -0.23. Equity return is now at value -33.49, with -6.40 for asset returns.
Based on Walgreens Boots Alliance Inc (WBA), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is -26.83.
Currently, EBITDA for the company is -2.58 billion with net debt to EBITDA at -3.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 24.46for trailing twelve months and the total asset turnover is 1.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
To wrap up, the performance of Walgreens Boots Alliance Inc (WBA) has been bad in recent times. The stock has received a mixed of “buy” 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.
