Western Digital Corp. (NASDAQ: WDC) closed the day trading at $70.54 down -1.51% from the previous closing price of $71.62. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 9694674 shares were traded. WDC stock price reached its highest trading level at $74.86 during the session, while it also had its lowest trading level at $70.33.
Ratios:
For a better understanding of WDC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.86.
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, Evercore ISI on March 27, 2024, initiated with a Outperform rating and assigned the stock a target price of $80.
On January 26, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $50 to $75.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $70.Cantor Fitzgerald initiated its Overweight rating on January 23, 2024, with a $70 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 Apr 01 ’24 when Alexy Kimberly sold 2,648 shares for $69.95 per share. The transaction valued at 185,228 led to the insider holds 20,509 shares of the business.
Zamiska Gene M. sold 10,768 shares of WDC for $660,223 on Mar 01 ’24. The SVP & Princ. Acctg Officer now owns 31,401 shares after completing the transaction at $61.31 per share. On Mar 01 ’24, another insider, Alexy Kimberly, who serves as the Director of the company, sold 3,000 shares for $62.75 each. As a result, the insider received 188,250 and left with 23,157 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 22.98B and an Enterprise Value of 29.77B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.04 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 2.64 whereas that against EBITDA is -25.89.
Stock Price History:
Over the past 52 weeks, WDC has reached a high of $72.35, while it has fallen to a 52-week low of $31.97. The 50-Day Moving Average of the stock is 60.47, while the 200-Day Moving Average is calculated to be 48.38.
Shares Statistics:
Over the past 3-months, WDC traded about 7.04M shares per day on average, while over the past 10 days, WDC traded about 8.33M shares per day. A total of 322.00M shares are outstanding, with a floating share count of 320.73M. Insiders hold about 1.57% of the company’s shares, while institutions hold 93.27% stake in the company. Shares short for WDC as of Mar 15, 2024 were 15.58M with a Short Ratio of 2.21, compared to 18.04M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.78% and a Short% of Float of 5.42%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
Earnings Estimates
Current recommendations for the stock of the company come from 19 analysts. On average, analysts expect EPS of $0.15 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.04, while EPS last year was -$1.37. The consensus estimate for the next quarter is $0.71, with high estimates of $1.48 and low estimates of $0.31.
Analysts are recommending an EPS of between -$0.64 and -$2.1 for the fiscal current year, implying an average EPS of -$1.58. EPS for the following year is $6.09, with 21 analysts recommending between $11.96 and $3.
Revenue Estimates
A total of 23 analysts have provided revenue estimates for WDC’s current fiscal year. The highest revenue estimate was $12.92B, while the lowest revenue estimate was $12.58B, resulting in an average revenue estimate of $12.73B. In the same quarter a year ago, actual revenue was $12.32B, up 3.30% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $16.64B in the next fiscal year. The high estimate is $20.11B and the low estimate is $14.8B. The average revenue growth estimate for next year is up 30.80% from the average revenue estimate for this year.
