Western Digital Corporation (NASDAQ:WDC) saw a downside of -2.80% to $54.60 after subtracting -$1.57 on Tuesday. The 5-day average trading volume is 1,964,062 shares of the company’s common stock. It has gained $57.92 in the past week. An average of 2,556,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,942,662.
WDC’s 1-month performance is -3.11% or -$3.33 on its low of $54.55 reached on 10/12/21. The company’s shares have touched a 52-week low of $36.59 and high of $78.19, with the stock’s rally to the 52-week high happening on 06/04/21. YTD, WDC has achieved 1.41% or -$0.75. However, the current price is down -30.17%% from the 52-week high price.
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On Aug 06, 67 days have gone by since the last insider trading activity for Western Digital Corporation (WDC). Sundberg Lori S (EVP & Chief Human Res Officer) most recently sold 3,380 shares at $67.92 per share on Aug 06. This transaction cost the insider $229,570. EVP, Chief Legal Officer & Sec, RAY MICHAEL CHARLES, sold 22,735 shares at a price of $59.92 on Jan 29.
The company’s PE ratio for the last five years has touched a high of 159.50 and a low of 13.25. WDC stock has a beta of 1.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.05 while the price-to-book (PB) in the most recent quarter is 1.60, with the price to cash flow ratio at 23.60.
Western Digital Corporation’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 2.00 meaning that WDC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.79, while the total debt to equity was 0.81. In terms of profitability, the gross margin trailing 12 months is 27.00%. The trailing 12-month EBITDA margin is 14.55% while for the period ending June 29; Western Digital Corporation’s operating margin was 7.20%. The firm’s gross profit as reported stood at $4.52 billion against revenue of $16.92 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 12.87% to $4.92 billion, while revenue of $4.14 billion was 15.91% off the previous quarter. Analysts expected WDC to announce $1.3 per share in earnings in its latest quarter, but it posted $1.86, representing a 43.10% surprise. EBITDA for the quarter stood at more than $936.0 million. WDC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.41 billion, with total debt at $9.04 billion. Shareholders hold equity totaling $308.75 million
Let’s look briefly at Western Digital Corporation (WDC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 31.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.46%.
The stock’s 5-day moving average is $56.24, reflecting a -4.07% or -$2.32 change from its current price. WDC is currently trading -5.04% above its 20-day SMA, -25.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.54% and +9.46% respectively.
Stochastic %K and %D was 18.47% and 29.41% and the average true range (ATR) pointed at 1.60. The RSI (14) points at 35.45%, while the 14-day stochastic is at 1.70% with the period’s ATR at 1.72. The stock’s 9-day MACD Oscillator is pointing at -0.72 and -1.21 on the 14-day charts.
In the most recent analyst report for Western Digital Corporation (NASDAQ: WDC), Summit Insights downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for WDC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WDC as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 19 have offered a “buy” rating.
What is WDC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $66.00 and a high of $120.00, with their median price target at $92.00. Looking at these predictions, the average price target given by analysts is for Western Digital Corporation (WDC) stock is $92.59.