Walgreens Boots Alliance Inc [NASDAQ: WBA] gained 27.55% or 2.54 points to close at $11.76 with a heavy trading volume of 103857079 shares.
The daily chart for WBA points out that the company has recorded 2.89% gains over the past six months.
If we look at the average trading volume of 23.56M shares, WBA reached to a volume of 103857079 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 $10.33 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 2.85. 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 0.66, 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 1.02, with the Price to Cash per share for the same quarter was set at 1.38.
Trading performance analysis for WBA stock
Walgreens Boots Alliance Inc [WBA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.97. With this latest performance, WBA shares gained by 32.88% in over the last four-week period, additionally plugging by 2.89% over the last 6 months – not to mention a drop of -53.63% 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 69.86, with the RSI for the last a single of trading hit 75.42, and the three-weeks RSI is set at 65.80 for Walgreens Boots Alliance Inc [WBA]. The present Moving Average for the last 50 days of trading for this stock 9.27, while it was recorded at 9.92 for the last single week of trading, and 12.22 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 0.30 and a Current Ratio set at 0.64.
An analysis of Institutional ownership at Walgreens Boots Alliance Inc [WBA]
There are presently around $61.79%, or 74.89%% 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%.
