In yesterday’s Wall Street session, Walgreens Boots Alliance Inc (NASDAQ:WBA) shares traded at $19.54, down -9.91% from the previous session.
WBA stock price is now -10.03% away from the 50-day moving average and -19.26% away from the 200-day moving average. The market capitalization of the company currently stands at $16.85B.
With the price target of $23, Leerink Partners recently initiated with Market Perform rating for Walgreens Boots Alliance Inc (NASDAQ: WBA). , while ‘Barclays’ rates the stock as ‘Underweight’
In other news, Walgreens Boots Alliance, Inc., 10% Owner sold 4,212,395 shares of the company’s stock on Feb 07 ’24. The stock was sold for $991,639,907 at an average price of $235.41. Upon completion of the transaction, the 10% Owner now directly owns 26,277,561 shares in the company, valued at $513.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, Director JARRETT VALERIE B bought 4,456 shares of the business’s stock. A total of $99,993 was incurred on buying the stock at an average price of $22.44. This leaves the insider owning 4,456 shares of the company worth $87070.24. A total of 17.51% of the company’s stock is owned by insiders.
During the past 12 months, Walgreens Boots Alliance Inc has had a low of $19.68 and a high of $36.58. As of last week, the company has a debt-to-equity ratio of 2.57, a current ratio of 0.66, and a quick ratio of 0.32. The fifty day moving average price for WBA is $21.65 and a two-hundred day moving average price translates $23.83 for the stock.
The latest earnings results from Walgreens Boots Alliance Inc (NASDAQ: WBA) was released for Nov, 2023. According to the Pharmaceutical Retailers Company, earnings per share came in at $1.11, beating analysts’ expectations of $0.76 by 0.35. This compares to $0.63 EPS in the same period last year. The net profit margin was -4.18% and return on equity was -34.82% for WBA. The company reported revenue of $37.05 billion for the quarter, compared to $34.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.28 percent. For the current quarter, analysts expect WBA to generate $35.89B in revenue.
