As of close of business last night, Western Digital Corporation’s stock clocked out at $41.10, down -1.65% from its previous closing price of $41.79. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 4731544 shares were traded. WDC stock price reached its highest trading level at $41.85 during the session, while it also had its lowest trading level at $40.74.
To gain a deeper understanding of WDC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 75.87. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
Goldman Downgraded its Neutral to Sell on December 15, 2022, whereas the target price for the stock was revised from $43 to $31.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 07 when Zamiska Gene M. sold 2,169 shares for $40.90 per share. The transaction valued at 88,712 led to the insider holds 31,554 shares of the business.
Zamiska Gene M. sold 4,776 shares of WDC for $300,888 on May 04. The SVP & Princ. Acctg Officer now owns 26,719 shares after completing the transaction at $63.00 per share. On Feb 15, another insider, Sivaram Srinivasan, who serves as the President, Tech & Strategy of the company, sold 11,380 shares for $53.37 each. As a result, the insider received 607,385 and left with 254,507 shares of the company.
As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.14, and their Forward P/E ratio for the next fiscal year is 13.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 1.07.
Stock Price History:
Over the past 52 weeks, WDC has reached a high of $63.26, while it has fallen to a 52-week low of $29.73. The 50-Day Moving Average of the stock is 35.46, while the 200-Day Moving Average is calculated to be 43.38.
It appears that WDC traded 4.93M shares on average per day over the past three months and 5.27M shares per day over the past ten days. A total of 317.65M shares are outstanding, with a floating share count of 316.67M. Insiders hold about 0.70% of the company’s shares, while institutions hold 89.60% stake in the company. Shares short for WDC as of Oct 13, 2022 were 9.59M with a Short Ratio of 8.08M, compared to 8.24M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.02% and a Short% of Float of 3.40%.
Dividends & Splits
The current Payout Ratio is 0.00% for WDC, which recently paid a dividend on Apr 16, 2020 with an ex-dividend date of Apr 01, 2020. Stock splits for the company last occurred on Jun 03, 1997 when the company split stock in a 2:1 ratio.
As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.76 and a low estimate of -$0.2, while EPS last year was $2.09. The consensus estimate for the next quarter is $0.01, with high estimates of $0.6 and low estimates of -$0.4.
Analysts are recommending an EPS of between $3.68 and -$0.52 for the fiscal current year, implying an average EPS of $1.25. EPS for the following year is $4.06, with 10 analysts recommending between $5.99 and $1.25.
A total of 13 analysts have provided revenue estimates for WDC’s current fiscal year. The highest revenue estimate was $16.03B, while the lowest revenue estimate was $12.73B, resulting in an average revenue estimate of $13.99B. In the same quarter a year ago, actual revenue was $19.05B, down -26.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $16.8B in the next fiscal year. The high estimate is $18.44B and the low estimate is $15.11B. The average revenue growth estimate for next year is up 20.00% from the average revenue estimate for this year.