Will Walgreens Boots Alliance Inc (WBA) Future Potential Be Hindered By Price Volatility?

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Walgreens Boots Alliance Inc (NASDAQ:WBA) has a beta value of 0.65 and has seen 18.16 million shares traded in the last trading session. The company, currently valued at $8.32B, closed the last trade at $9.62 per share which meant it gained $0.29 on the day or 3.11% during that session. The WBA stock price is -181.19% off its 52-week high price of $27.05 and 14.55% above the 52-week low of $8.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.01 million shares traded. The 3-month trading volume is 20.73 million shares.

The consensus among analysts is that Walgreens Boots Alliance Inc (WBA) is Hold stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 11 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.39.

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Walgreens Boots Alliance Inc (NASDAQ:WBA) trade information

Sporting 3.11% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WBA stock price touched $9.62 or saw a rise of 0.72%. Year-to-date, Walgreens Boots Alliance Inc shares have moved -63.16%, while the 5-day performance has seen it change 2.89%. Over the past 30 days, the shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) have changed 8.46%. Short interest in the company has seen 85.2 million shares shorted with days to cover at 3.65.

Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 26.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $57.0. In that case, then, we find that the current price level is -492.52% off the targeted high while a plunge would see the stock lose 79.21% from current levels.

Walgreens Boots Alliance Inc (WBA) estimates and forecasts

Figures show that Walgreens Boots Alliance Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -44.55% over the past 6 months, with this year growth rate of -46.88%, compared to -35.70% for the industry. Revenue growth from the last financial year stood is estimated to be 0.80%.

8 analysts offering their estimates for the company have set an average revenue estimate of 37.32B for the current quarter. 8 have an estimated revenue figure of 37.55B for the next ending quarter.

WBA Dividends

Walgreens Boots Alliance Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.23 at a share yield of 12.79%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.88%.

Walgreens Boots Alliance Inc (NASDAQ:WBA)’s Major holders

Insiders own 17.41% of the company shares, while shares held by institutions stand at 62.09% with a share float percentage of 75.18%. Investors are also buoyed by the number of investors in a company, with Walgreens Boots Alliance Inc having a total of 1242.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 82.21 million shares worth more than $994.3 million. As of 2024-06-30, VANGUARD GROUP INC held 9.5247% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 70.01 million shares as of 2024-06-30. The firm’s total holdings are worth over $846.76 million and represent 8.1114% of shares outstanding.