Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The price of Western Digital Corp. (NASDAQ: WDC) closed at $72.60 in the last session, up 2.33% from day before closing price of $70.95. In other words, the price has increased by $2.33 from its previous closing price. On the day, 6.55 million shares were traded. WDC stock price reached its highest trading level at $73.83 during the session, while it also had its lowest trading level at $71.92.
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 1.07 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.85.
Rosenblatt Upgraded its Neutral to Buy on April 05, 2024, whereas the target price for the stock was revised from $65 to $115.
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 Apr 08 ’24 when Zamiska Gene M. sold 443 shares for $75.00 per share. The transaction valued at 33,225 led to the insider holds 30,958 shares of the business.
Alexy Kimberly sold 2,648 shares of WDC for $185,228 on Apr 01 ’24. The Director now owns 20,509 shares after completing the transaction at $69.95 per share. On Mar 01 ’24, another insider, Zamiska Gene M., who serves as the SVP & Princ. Acctg Officer of the company, sold 10,768 shares for $61.31 each. As a result, the insider received 660,223 and left with 31,401 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 23705714688. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 2.34.
Stock Price History:
Over the past 52 weeks, WDC has reached a high of $76.92, while it has fallen to a 52-week low of $32.01. The 50-Day Moving Average of the stock is 9.33%, while the 200-Day Moving Average is calculated to be 39.84%.
Shares Statistics:
According to the various share statistics, WDC traded on average about 6.82M shares per day over the past 3-months and 8222910 shares per day over the past 10 days. A total of 322.00M shares are outstanding, with a floating share count of 321.99M. Insiders hold about 1.39% of the company’s shares, while institutions hold 91.75% stake in the company. Shares short for WDC as of 1713139200 were 18937852 with a Short Ratio of 2.78, compared to 1710460800 on 15583737. Therefore, it implies a Short% of Shares Outstanding of 18937852 and a Short% of Float of 6.6000000000000005.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
