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In the latest session, Western Digital Corp (NASDAQ: WDC) closed at $61.70 up 0.23% from its previous closing price of $61.56. In other words, the price has increased by $0.23 from its previous closing price. On the day, 1.51 million shares were traded. WDC stock price reached its highest trading level at $61.75 during the session, while it also had its lowest trading level at $61.12.
Ratios:
For a deeper understanding of Western Digital Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.53.
On September 13, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $95 to $80.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 29 ’24 when Zamiska Gene M. sold 313 shares for $72.63 per share. The transaction valued at 22,733 led to the insider holds 28,383 shares of the business.
GENE M ZAMISKA bought 313 shares of WDC for $22,733 on Nov 29 ’24. On Nov 26 ’24, another insider, Zamiska Gene M., who serves as the SVP & Princ. Acctg Officer of the company, sold 658 shares for $69.99 each. As a result, the insider received 46,053 and left with 28,863 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 21330184192. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.66, and their Forward P/E ratio for the next fiscal year is 6.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 1.83.
Stock Price History:
Over the past 52 weeks, WDC has reached a high of $81.55, while it has fallen to a 52-week low of $48.96. The 50-Day Moving Average of the stock is -8.07%, while the 200-Day Moving Average is calculated to be -10.18%.
Shares Statistics:
For the past three months, WDC has traded an average of 5.41M shares per day and 6899770 over the past ten days. A total of 346.00M shares are outstanding, with a floating share count of 344.01M. Insiders hold about 0.49% of the company’s shares, while institutions hold 94.98% stake in the company. Shares short for WDC as of 1732838400 were 21744437 with a Short Ratio of 3.85, compared to 1730332800 on 16253399. Therefore, it implies a Short% of Shares Outstanding of 21744437 and a Short% of Float of 7.1.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
