Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Western Digital Corp (NASDAQ: WDC) was $67.56 for the day, up 0.42% from the previous closing price of $67.28. In other words, the price has increased by $0.42 from its previous closing price. On the day, 5.25 million shares were traded.
Ratios:
Our analysis of WDC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.64.
On September 13, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $95 to $80.
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 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:
As of this moment, Western’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.12, and their Forward P/E ratio for the next fiscal year is 9.64. 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 1.94.
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 $52.77. The 50-Day Moving Average of the stock is 3.32%, while the 200-Day Moving Average is calculated to be -0.90%.
Shares Statistics:
A total of 348.00M shares are outstanding, with a floating share count of 345.98M. Insiders hold about 0.53% of the company’s shares, while institutions hold 95.10% stake in the company.
