Ratios Revealed: Decoding Western Digital Corp (WDC)’s Financial Health

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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.

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