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The price of Western Digital Corp. (NASDAQ: WDC) closed at $66.32 in the last session, down -0.44% from day before closing price of $66.61. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 7.45 million shares were traded. WDC stock price reached its highest trading level at $67.5399 during the session, while it also had its lowest trading level at $66.2.
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 0.78 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.57.
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, TD Cowen on September 13, 2024, Reiterated its Buy rating but revised its target price to $80 from $95 previously.
On May 14, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $90.Citigroup initiated its Buy rating on May 14, 2024, with a $90 target price.
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 Sep 26 ’24 when Goeckeler David sold 75,000 shares for $70.32 per share. The transaction valued at 5,274,000 led to the insider holds 896,630 shares of the business.
DAVID GOECKELER bought 75,000 shares of WDC for $5,274,000 on Sep 26 ’24. On Sep 04 ’24, another insider, Zamiska Gene M., who serves as the SVP & Princ. Acctg Officer of the company, sold 2,169 shares for $61.96 each. As a result, the insider received 134,391 and left with 32,601 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 22925099008. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 2.10.
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 1.60%, while the 200-Day Moving Average is calculated to be -0.50%.
Shares Statistics:
According to the various share statistics, WDC traded on average about 5.69M shares per day over the past 3-months and 5107630 shares per day over the past 10 days. A total of 343.00M shares are outstanding, with a floating share count of 340.77M. Insiders hold about 1.42% of the company’s shares, while institutions hold 96.88% stake in the company. Shares short for WDC as of 1727654400 were 19539444 with a Short Ratio of 3.44, compared to 1724976000 on 17364233. Therefore, it implies a Short% of Shares Outstanding of 19539444 and a Short% of Float of 6.38.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
