Walgreens Boots Alliance Inc. [NASDAQ: WBA] loss -2.38% or -0.91 points to close at $37.31 with a heavy trading volume of 6297203 shares. The company report on August 16, 2022 that Walgreens Boots Alliance Sells 11 Million Shares of Option Care Health.
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Walgreens Boots Alliance announces sale of 11.0 million shares held in Option Care Health.
It opened the trading session at $38.00, the shares rose to $38.03 and dropped to $37.18, the range by which the price of stock traded the whole day. The daily chart for WBA points out that the company has recorded -19.95% loss over the past six months. However, it is still -2.02% lower than its most recent low trading price.
If we look at the average trading volume of 6.40M shares, WBA reached to a volume of 6297203 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Walgreens Boots Alliance Inc. [WBA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WBA shares is $41.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WBA stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Walgreens Boots Alliance Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 01, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $56 to $49. The new note on the price target was released on December 16, 2021, representing the official price target for Walgreens Boots Alliance Inc. stock. Previously, the target price had yet another raise from $49 to $55, while Deutsche Bank kept a Hold rating on WBA stock.
The Average True Range (ATR) for Walgreens Boots Alliance Inc. is set at 1.01, with the Price to Sales ratio for WBA stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 5.16. Price to Free Cash Flow for WBA in the course of the last twelve months was 18.10 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for WBA stock
Walgreens Boots Alliance Inc. [WBA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.16. With this latest performance, WBA shares dropped by -3.49% in over the last four-week period, additionally sinking by -19.95% over the last 6 months – not to mention a drop of -22.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WBA stock in for the last two-week period is set at 37.20, with the RSI for the last a single of trading hit 31.98, and the three-weeks RSI is set at 39.83 for Walgreens Boots Alliance Inc. [WBA]. The present Moving Average for the last 50 days of trading for this stock 39.33, while it was recorded at 39.34 for the last single week of trading, and 45.32 for the last 200 days.
Walgreens Boots Alliance Inc. [WBA]: A deeper dive into fundamental analysis
Walgreens Boots Alliance Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.80.
Walgreens Boots Alliance Inc. [WBA]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WBA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Walgreens Boots Alliance Inc. go to 0.88%.
An analysis of insider ownership at Walgreens Boots Alliance Inc. [WBA]
There are presently around $18,787 million, or 59.90% of WBA stock, in the hands of institutional investors. The top three institutional holders of WBA stocks are: VANGUARD GROUP INC with ownership of 61,756,295, which is approximately 4.665% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 58,272,253 shares of the stock with an approximate value of $2.17 billion in WBA stocks shares; and STATE STREET CORP, currently with $1.88 billion in WBA stock with ownership of nearly 0.916% of the company’s market capitalization.
Positions in Walgreens Boots Alliance Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 657 institutional holders increased their position in Walgreens Boots Alliance Inc. [NASDAQ:WBA] by around 29,545,863 shares. Additionally, 584 investors decreased positions by around 26,032,596 shares, while 183 investors held positions by with 447,952,245 shares. The mentioned changes placed institutional holdings at 503,530,704 shares, according to the latest SEC report filing. WBA stock had 109 new institutional investments in for a total of 5,112,811 shares, while 118 institutional investors sold positions of 2,919,861 shares during the same period.