Does Wall Street Rate Western Digital Corporation (WDC) Shares A Sell?

As of Friday close, Western Digital Corporation’s (NASDAQ:WDC) stock was up $2.9, moving up 5.22 percent to $58.45. The average number of shares traded per day over the past five days has been 4,443,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.00 fall in that time frame. In the last twenty days, the average volume was 5,723,345, while in the previous 50 days, it was 4,203,732.


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Since last month, WDC stock rose 22.13%. Shares of the company fell to $46.02 on 04/18/22, the lowest level in the past month. A 52-week high of $78.19 was reached on 01/05/22 after having rallying from a 52-week low of $43.85. Since the beginning of this year, WDC’s stock price has dropped by -10.37% or -$6.76, and marked a new high 3 times. However, the stock has declined by -25.25% since its 52-week high.

Western Digital Corporation (WDC) last reported insider trading activity 10 days ago on May 04. Zamiska Gene M., the SVP & Princ. Acctg Officer of the company, disposed of 4,776 shares for $63.00 on May 04. It resulted in a $300,888 divestment by the insider. Sivaram Srinivasan sold 11,380 shares at an average price of $53.37 on Feb 15. The insider now owns 254,507 shares following the transaction. On Jan 31, Director Price Paula A sold 4,150 shares at $51.82 apiece. The transaction was valued at $215,054.

Valuation Metrics

Right now, Western Digital Corporation (WDC) has a P/E ratio of about 10.09. The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 1.52, and the price-to-cash flow ratio of 18.80 may also be considered.

The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50.

Financial Health

In the three months ended September 29, Western Digital Corporation’s quick ratio stood at 1.20, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.59, and the total debt-to-equity ratio was 0.61. On the profitability front, the trailing twelve-month gross margin is 31.70% percent. In the year ended September 29, operating margins totaled 10.00%. Based on annual data, WDC earned $4.52 billion in gross profit and brought in $16.92 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.70%. Return on equity (ROE) for the past 12 months was 13.50%.

In Western Digital Corporation’s quarter-end financial report for September 29, it reported total debt of $7.09 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WDC’s revenue rose 5.57% to $4.83 billion during the quarter, while net income inched up to $4.38 billion. While analysts expected Western Digital Corporation to report $2.16 quarterly earnings, the actual figure was $2.2 per share, beating the consensus estimate by 1.90%. During the quarter, the company generated $553.0 million in EBITDA. The liabilities of Western Digital Corporation were 13.71 billion at the end of its most recent quarter ended September 29, and its total debt was $7.69 billion. The value of shareholders’ equity is $313.17 million.

Technical Picture

This quick technical analysis looks at Western Digital Corporation’s (WDC) price momentum. With a historical volatility rate of 84.32%, the RSI 9-day stood at 61.00% on 13 May.

With respect to its five-day moving average, the current Western Digital Corporation price is down by -1.68% percent or -$1.00. At present, WDC shares trade +26.13% above its 20-day simple moving average and +4.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.36% above its SMA50 and -9.32% below its SMA200.

Stochastic coefficient K was 53.54% and Stochastic coefficient D was 52.72%, while ATR was 2.80. Given the Stochastic reading of 66.17% for the 14-day period, the RSI (14) reading has been calculated as 60.80%. As of today, the MACD Oscillator reading stands at -2.18, while the 14-day reading stands at 0.29.

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