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Western Digital Corp. (NASDAQ: WDC) closed the day trading at $69.55 down -0.53% from the previous closing price of $69.92. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 6.61 million shares were traded. WDC stock price reached its highest trading level at $72.11 during the session, while it also had its lowest trading level at $68.16.
Ratios:
For a better understanding of WDC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.86.
On April 05, 2024, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $65 to $115.
On March 27, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $80.Evercore ISI initiated its Outperform rating on March 27, 2024, with a $80 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 08 ’24 when Zamiska Gene M. sold 443 shares for $75.00 per share. The transaction valued at 33,225 led to the insider holds 30,958 shares of the business.
Alexy Kimberly sold 2,648 shares of WDC for $185,228 on Apr 01 ’24. The Director now owns 20,509 shares after completing the transaction at $69.95 per share. On Mar 01 ’24, another insider, Zamiska Gene M., who serves as the SVP & Princ. Acctg Officer of the company, sold 10,768 shares for $61.31 each. As a result, the insider received 660,223 and left with 31,401 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 22827214848. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.02 while its Price-to-Book (P/B) ratio in mrq is 2.25.
Stock Price History:
Over the past 52 weeks, WDC has reached a high of $76.92, while it has fallen to a 52-week low of $31.97. The 50-Day Moving Average of the stock is 8.67%, while the 200-Day Moving Average is calculated to be 37.30%.
Shares Statistics:
Over the past 3-months, WDC traded about 7.19M shares per day on average, while over the past 10 days, WDC traded about 6119020 shares per day. A total of 322.00M shares are outstanding, with a floating share count of 321.68M. Insiders hold about 1.38% of the company’s shares, while institutions hold 93.58% stake in the company. Shares short for WDC as of 1711584000 were 16031538 with a Short Ratio of 2.23, compared to 1709164800 on 18736291. Therefore, it implies a Short% of Shares Outstanding of 16031538 and a Short% of Float of 5.58.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
