As of close of business last night, Western Digital Corp.’s stock clocked out at $72.25, down -0.55% from its previous closing price of $72.65. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 7676034 shares were traded. WDC stock price reached its highest trading level at $73.09 during the session, while it also had its lowest trading level at $71.01.
Ratios:
To gain a deeper understanding of WDC’s stock, we examine 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 the company, Rosenblatt on April 05, 2024, Upgraded its rating to Buy and sets its target price to $115 from $65 previously.
On March 27, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $80.
TD Cowen reiterated its Outperform rating for the stock on January 26, 2024, while the target price for the stock was revised from $50 to $75.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future 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 23.73B and an Enterprise Value of 30.51B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.09 while its Price-to-Book (P/B) ratio in mrq is 2.34. Its current Enterprise Value per Revenue stands at 2.71 whereas that against EBITDA is -26.53.
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 $31.97. The 50-Day Moving Average of the stock is 61.82, while the 200-Day Moving Average is calculated to be 49.21.
Shares Statistics:
It appears that WDC traded 7.30M shares on average per day over the past three months and 8.58M shares per day over the past ten days. A total of 322.00M shares are outstanding, with a floating share count of 320.74M. Insiders hold about 1.57% of the company’s shares, while institutions hold 93.19% stake in the company. Shares short for WDC as of Mar 28, 2024 were 16.03M with a Short Ratio of 2.20, compared to 18.74M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.91% and a Short% of Float of 5.58%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.23.
Earnings Estimates
As of right now, 19 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.05, while EPS last year was -$1.37. The consensus estimate for the next quarter is $0.75, 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 -$1.54. EPS for the following year is $6.36, with 22 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 $12.98B, while the lowest revenue estimate was $12.58B, resulting in an average revenue estimate of $12.76B. In the same quarter a year ago, actual revenue was $12.32B, up 3.50% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $16.8B in the next fiscal year. The high estimate is $20.11B and the low estimate is $15.51B. The average revenue growth estimate for next year is up 31.70% from the average revenue estimate for this year.
