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The price of Western Digital Corp. (NASDAQ: WDC) closed at $61.51 in the last session, down -0.11% from day before closing price of $61.58. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 4.49 million shares were traded. WDC stock price reached its highest trading level at $62.74 during the session, while it also had its lowest trading level at $60.61.
Ratios:
We take a closer look at WDC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.50.
On May 14, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $90.
The Benchmark Company Upgraded its Hold to Buy on April 26, 2024, while the target price for the stock was maintained at $85.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 05 ’24 when SODERBERY ROBERT sold 12,154 shares for $57.09 per share. The transaction valued at 693,860 led to the insider holds 128,413 shares of the business.
SODERBERY ROBERT bought 12,154 shares of WDC for $693,859 on Aug 05 ’24. On Jun 17 ’24, another insider, Zamiska Gene M., who serves as the SVP, Global Accounting & Chief of the company, sold 219 shares for $78.00 each. As a result, the insider received 17,082 and left with 29,507 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 20084551680. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 1.98.
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 $35.62. The 50-Day Moving Average of the stock is -14.76%, while the 200-Day Moving Average is calculated to be -0.95%.
Shares Statistics:
According to the various share statistics, WDC traded on average about 6.18M shares per day over the past 3-months and 9665400 shares per day over the past 10 days. A total of 326.52M shares are outstanding, with a floating share count of 323.67M. Insiders hold about 0.88% of the company’s shares, while institutions hold 97.34% stake in the company. Shares short for WDC as of 1722384000 were 17945498 with a Short Ratio of 2.90, compared to 1719532800 on 24078011. Therefore, it implies a Short% of Shares Outstanding of 17945498 and a Short% of Float of 6.25.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
