Walgreens Boots Alliance Inc [NASDAQ: WBA] stock went on an upward path that rose over 1.44% on Friday, amounting to a one-week price decrease of less than -7.63%.
Over the last 12 months, WBA stock dropped by -61.52%. The one-year Walgreens Boots Alliance Inc stock forecast points to a potential upside of 18.93. The average equity rating for WBA stock is currently 3.10, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.72 billion, with 863.67 million shares outstanding and 711.55 million shares in the current float. Compared to the average trading volume of 14.86M shares, WBA stock reached a trading volume of 29333215 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $13.89 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.
Leerink Partners have made an estimate for Walgreens Boots Alliance Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 26, 2024. The new note on the price target was released on February 20, 2024, representing the official price target for Walgreens Boots Alliance Inc stock. Previously, the target price had yet another raise to $21, while Barclays analysts kept a Underweight rating on WBA stock.
The Average True Range (ATR) for Walgreens Boots Alliance Inc is set at 0.67, with the Price to Sales ratio for WBA stock in the period of the last 12 months amounting to 0.07. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 0.81.
WBA Stock Performance Analysis:
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 -7.63. With this latest performance, WBA shares dropped by -30.11% in over the last four-week period, additionally sinking by -55.96% over the last 6 months – not to mention a drop of -61.52% 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 20.24, with the RSI for the last a single of trading hit 15.80, and the three-weeks RSI is set at 23.92 for Walgreens Boots Alliance Inc [WBA]. The present Moving Average for the last 50 days of trading for this stock 16.04, while it was recorded at 11.52 for the last single week of trading, and 20.35 for the last 200 days.
Insight into Walgreens Boots Alliance Inc Fundamentals:
Walgreens Boots Alliance Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.65.
WBA Stock EPS
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 -11.78%.
Walgreens Boots Alliance Inc [WBA] Institutonal Ownership Details
The top three institutional holders of WBA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in WBA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in WBA stock with ownership which is approximately 5.1238%.
