Analytical Lens: Exploring Western Digital Corp. (WDC)’s Financial Story Through Ratios

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The closing price of Western Digital Corp. (NASDAQ: WDC) was $80.24 for the day, up 2.31% from the previous closing price of $78.43. In other words, the price has increased by $2.31 from its previous closing price. On the day, 2.56 million shares were traded. WDC stock price reached its highest trading level at $80.38 during the session, while it also had its lowest trading level at $78.745.

Ratios:

Our analysis of WDC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.85.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on May 14, 2024, initiated with a Buy rating and assigned the stock a target price of $90.

On April 26, 2024, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $85.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 17 ’24 when Zamiska Gene M. sold 219 shares for $78.00 per share. The transaction valued at 17,082 led to the insider holds 29,507 shares of the business.

SODERBERY ROBERT sold 26,853 shares of WDC for $1,973,215 on Jun 04 ’24. The EVP & GM, Flash Business now owns 144,623 shares after completing the transaction at $73.48 per share. On May 21 ’24, another insider, Zamiska Gene M., who serves as the SVP & Princ. Acctg Officer of the company, sold 416 shares for $71.88 each. As a result, the insider received 29,902 and left with 30,321 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WDC now has a Market Capitalization of 26200365056. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 2.58.

Stock Price History:

The Beta on a monthly basis for WDC is 1.37, which has changed by 1.0386178 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, WDC has reached a high of $81.55, while it has fallen to a 52-week low of $35.62. The 50-Day Moving Average of the stock is 7.03%, while the 200-Day Moving Average is calculated to be 35.37%.

Shares Statistics:

WDC traded an average of 5.56M shares per day over the past three months and 3842130 shares per day over the past ten days. A total of 322.00M shares are outstanding, with a floating share count of 320.38M. Insiders hold about 1.88% of the company’s shares, while institutions hold 93.26% stake in the company. Shares short for WDC as of 1718323200 were 25551027 with a Short Ratio of 4.59, compared to 1715731200 on 21805777. Therefore, it implies a Short% of Shares Outstanding of 25551027 and a Short% of Float of 8.8999994.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 3.23.

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