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Western Digital Corp (NASDAQ: WDC) closed the day trading at $62.87 down -2.38% from the previous closing price of $64.40. In other words, the price has decreased by -$2.38 from its previous closing price. On the day, 7.29 million shares were traded. WDC stock price reached its highest trading level at $64.69 during the session, while it also had its lowest trading level at $61.82.
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.
On September 13, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $95 to $80.
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 Nov 29 ’24 when Zamiska Gene M. sold 313 shares for $72.63 per share. The transaction valued at 22,733 led to the insider holds 28,383 shares of the business.
GENE M ZAMISKA bought 313 shares of WDC for $22,733 on Nov 29 ’24. On Nov 26 ’24, another insider, Zamiska Gene M., who serves as the SVP & Princ. Acctg Officer of the company, sold 658 shares for $69.99 each. As a result, the insider received 46,053 and left with 28,863 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 21734662144. As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.38, and their Forward P/E ratio for the next fiscal year is 7.80. 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 1.87.
Stock Price History:
The Beta on a monthly basis for WDC is 1.43, which has changed by 0.09816599 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, WDC has reached a high of $81.55, while it has fallen to a 52-week low of $52.77. The 50-Day Moving Average of the stock is -4.24%, while the 200-Day Moving Average is calculated to be -8.13%.
Shares Statistics:
Over the past 3-months, WDC traded about 5.36M shares per day on average, while over the past 10 days, WDC traded about 6633360 shares per day. A total of 346.00M shares are outstanding, with a floating share count of 344.01M. Insiders hold about 0.49% of the company’s shares, while institutions hold 94.96% stake in the company. Shares short for WDC as of 1736899200 were 21868285 with a Short Ratio of 4.08, compared to 1734048000 on 20847932. Therefore, it implies a Short% of Shares Outstanding of 21868285 and a Short% of Float of 7.140000000000001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
