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Western Digital Corp (NASDAQ: WDC) closed the day trading at $62.73 down -1.92% from the previous closing price of $63.96. In other words, the price has decreased by -$1.92 from its previous closing price. On the day, 4.53 million shares were traded. WDC stock price reached its highest trading level at $63.75 during the session, while it also had its lowest trading level at $62.295.
Ratios:
For a better understanding of WDC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 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.
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:
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 Oct 29 ’24 when SODERBERY ROBERT sold 30,767 shares for $68.01 per share. The transaction valued at 2,092,519 led to the insider holds 135,398 shares of the business.
SODERBERY ROBERT bought 30,767 shares of WDC for $2,092,520 on Oct 29 ’24. On Oct 28 ’24, another insider, Zamiska Gene M., who serves as the SVP & Princ. Acctg Officer of the company, sold 1,993 shares for $69.94 each. As a result, the insider received 139,390 and left with 30,608 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 22111447040. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.29, and their Forward P/E ratio for the next fiscal year is 6.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 1.86.
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 $44.13. The 50-Day Moving Average of the stock is -5.31%, while the 200-Day Moving Average is calculated to be -7.06%.
Shares Statistics:
Over the past 3-months, WDC traded about 4.85M shares per day on average, while over the past 10 days, WDC traded about 4574590 shares per day. A total of 343.00M shares are outstanding, with a floating share count of 342.13M. Insiders hold about 1.03% of the company’s shares, while institutions hold 101.78% stake in the company. Shares short for WDC as of 1730332800 were 16253399 with a Short Ratio of 3.35, compared to 1727654400 on 19539444. Therefore, it implies a Short% of Shares Outstanding of 16253399 and a Short% of Float of 5.3100000000000005.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
