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The closing price of Western Digital Corp. (NASDAQ: WDC) was $69.86 for the day, down -2.10% from the previous closing price of $71.36. In other words, the price has decreased by -$2.10 from its previous closing price. On the day, 9.0 million shares were traded. WDC stock price reached its highest trading level at $72.44 during the session, while it also had its lowest trading level at $68.99.
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 0.77 whereas as Long-Term Debt/Eq ratio is at 0.72.
Rosenblatt Upgraded its Neutral to Buy on April 05, 2024, whereas the target price for the stock was revised from $65 to $115.
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 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 23297333248. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 2.26.
Stock Price History:
The Beta on a monthly basis for WDC is 1.53, which has changed by 1.0872424 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, WDC has reached a high of $76.92, while it has fallen to a 52-week low of $32.01. The 50-Day Moving Average of the stock is 7.76%, while the 200-Day Moving Average is calculated to be 36.62%.
Shares Statistics:
WDC traded an average of 6.82M shares per day over the past three months and 7578680 shares per day over the past ten days. 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 93.66% stake in the company. Shares short for WDC as of 1713139200 were 18937852 with a Short Ratio of 2.78, compared to 1710460800 on 15583737. Therefore, it implies a Short% of Shares Outstanding of 18937852 and a Short% of Float of 6.6000000000000005.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
Earnings Estimates
The performance of Western Digital Corp. (WDC) in the stock market is under the watchful eye of 19.0 analysts actively contributing to its current rating.On average, analysts expect EPS of $1.13 for the current quarter, with a high estimate of $1.4 and a low estimate of $0.77, while EPS last year was -$1.98. The consensus estimate for the next quarter is $1.7, with high estimates of $2.31 and low estimates of $1.42.
Analysts are recommending an EPS of between -$0.41 and -$2.1 for the fiscal current year, implying an average EPS of -$0.79. EPS for the following year is $7.52, with 21.0 analysts recommending between $10.48 and $3.09.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 19 analysts. It ranges from a high estimate of $3.88B to a low estimate of $3.64B. As of the current estimate, Western Digital Corp.’s year-ago sales were $2.67BFor the next quarter, 19 analysts are estimating revenue of $4.24B. There is a high estimate of $4.66B for the next quarter, whereas the lowest estimate is $3.95B.
A total of 24 analysts have provided revenue estimates for WDC’s current fiscal year. The highest revenue estimate was $13.11B, while the lowest revenue estimate was $12.7B, resulting in an average revenue estimate of $12.94B. In the same quarter a year ago, actual revenue was $12.32BBased on 23 analysts’ estimates, the company’s revenue will be $17.7B in the next fiscal year. The high estimate is $20.37B and the low estimate is $16.15B.
