Walgreens Boots Alliance is a well-known name in the field of pharmacy. The company operates over 18,000 stores of its own widespread across 11 countries. The coronavirus pandemic did its work in the past but now we have effective vaccines and slowly, this pandemic will come to an end. Does that bring about good times for the Walgreens Boots Alliance (WBA) stock?
Recovery of Walgreens Boots Alliance
The company expects the post-pandemic period to work in its favor and will make some good progress economically. The improvement has been seen in the company and the firm has performed well lately. Let us analyze Walgreens Boots Alliance Inc. (NASDAQ: WBA) based on its latest statistical summary:
- 52 Week Range: $33.36 – $55.49
- Average Volume: 8,031,330
- Market Capital: $43.202B
- Forward Dividend and Yield: 87 (3.74%)
The stock is lowly priced and the company has a decent market capital. The plus point, which is also a point of risk in case of an investment, is that the stock comes with a dividend. A dividend is only good if it increases and if it lowers down, it can bring about losses as well.
New Partnership of Walgreens Boots Alliance (NASDAQ: WBA) with Uber Technologies (NYSE: UBER)
Both these companies have partnered for the better provision of coronavirus vaccines. The deal includes that the companies will provide educational programs along with free of cost transportation for going to the Covid-19 clinics. This will be provided to the people who live in rural regions and the other underserved communities.
This deal will be coming into actual application in the upcoming times i.e. after a few months when there would be the availability of the vaccines to the common public. There would then be the provision of free transportation to the Covid-19 clinics and all the Walgreens stores. Atlanta, Chicago, El Paso, and Houston will be a part of this new program. Both Walgreens and Uber have taken a good initiative for the better distribution and reach of the Covid-19 vaccines in all the areas and especially the rural areas. This step might work out well professionally and help Walgreens to re-establish itself once again.
Is it a Good Idea to Invest in Walgreens Boots Alliance Right Now?
The company does not stand strong at present and hence, it cannot be considered a reliable and profitable investment as of now. Walgreens needs time to grow and establish itself once again so that it can compete and stand out in the stock market. The company is growing and it is analyzed that soon the time will come when the company will again come under the list of profitable stocks but the investors have to wait until that time to invest in Walgreens Boots Alliance.
At present, an investment in Walgreens might bring in losses to the shareholders and is therefore not a good choice for investing. The investors can look out for better firms for an investment that is profitable and are available at the same price. The company needs to stabilize first and then it can be considered for investing.