Walgreens Boots Alliance Inc (WBA) saw an uptrend of 0.73% in the recent trading with $8.30 being its most recent. The current price level -69.32% lower than the highest price of $27.05 marked by the stock while trading over the past 52-weeks, whereas it is 2.34% higher than the lowest price of $8.11 the company dropped to over past 52-weeks. The latest news story on WBA appeared in (Benzinga) under the title “Wall Street’s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -21.25% below one month high and is +2.72% above of the lowest during that time. Looking into the simple moving average, Walgreens Boots Alliance Inc (WBA)’s stock stands at a SMA-50 of $9.15 while that of 5-day is reading $8.39.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and WBA’s SMA-200 as of now is $14.12.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
Walgreens Boots Alliance Inc Earnings – What Happened With WBA
Coming around sales and income figures on WBA Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
WBA – Walgreens Boots Alliance Inc Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 864.00 million. WBA does have institutional investors; and they hold 61.06% of the stock.
Walgreens Boots Alliance Inc – Insider Activity and Holdings
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Walgreens Boots Alliance Inc (NASDAQ:WBA) with an ownership of 82.21 million shares of the company or 9.5247 of the stake worth $994.3 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 8.1114 of the outstanding shares. Its stake is worth $846.76 million for having 70.01 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 4.2206 of the outstanding shares. With this there are now 1218.0 institutions which have possession in WBA’s shares.
Currently, the stock has been recommended as Hold by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Walgreens Boots Alliance Inc has a debt to equity ratio of 3.24.
Technical Analysis of Walgreens Boots Alliance Inc (NASDAQ:WBA) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Walgreens Boots Alliance Inc (WBA), we notice that the stock’s 20-day average volume is at 19,082,875 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 22,401,496 shares. And to end, WBA’s 100-day average volume is 21,030,592 shares with 100% of the long-term indicators pointing towards Sell for the stock.
