Walgreens Boots Alliance Inc [NASDAQ: WBA] plunged by -$0.27 during the normal trading session on while it closed the day at $8.71.
Walgreens Boots Alliance Inc stock has also loss -5.43% of its value over the past 7 days. However, WBA stock has declined by -45.46% in the 3 months of the year. Over the past six months meanwhile, it has lost -58.12% and lost -66.64% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for WBA stock reached $7.52 billion, with 863.67 million shares outstanding and 711.68 million shares in the current float. Compared to the average trading volume of 21.64M shares, WBA reached a trading volume of 45885602 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $11.50 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 3.05. 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 0.39, with the Price to Sales ratio for WBA stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 0.81.
WBA stock trade performance evaluation
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 -5.43. With this latest performance, WBA shares dropped by -16.17% in over the last four-week period, additionally sinking by -58.12% over the last 6 months – not to mention a drop of -60.12% 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 32.94, with the RSI for the last a single of trading hit 32.48, and the three-weeks RSI is set at 33.15 for Walgreens Boots Alliance Inc [WBA]. The present Moving Average for the last 50 days of trading for this stock 10.34, while it was recorded at 8.96 for the last single week of trading, and 17.37 for the last 200 days.
Walgreens Boots Alliance Inc [WBA]: An insightful look at the core 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.
Earnings per share (EPS) analysis for Walgreens Boots Alliance Inc [WBA] stock
With the latest financial reports released by the company, Walgreens Boots Alliance Inc posted 0.67/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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.
Walgreens Boots Alliance Inc [WBA]: Institutional Ownership
There are presently around $61.60%, or 74.59%% of WBA stock, in the hands of institutional investors. The top three institutional holders of WBA stocks are: VANGUARD GROUP INC with ownership of 82.21 million shares, which is approximately 9.5247%. BLACKROCK INC., holding 70.01 million shares of the stock with an approximate value of $$846.76 million in WBA stocks shares; and BLACKROCK INC., currently with $$440.6 million in WBA stock with ownership which is approximately 4.2206%.
