Western Digital Corp. (NASDAQ: WDC) closed the day trading at $62.48 down -0.78% from the previous closing price of $62.97. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 3455422 shares were traded.
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, TD Cowen on January 26, 2024, Reiterated its Outperform rating but revised its target price to $75 from $50 previously.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $70.
Morgan Stanley reiterated its Overweight rating for the stock on January 22, 2024, while the target price for the stock was revised from $52 to $73.
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 Mar 01 ’24 when Zamiska Gene M. sold 10,768 shares for $61.31 per share. The transaction valued at 660,223 led to the insider holds 31,401 shares of the business.
Alexy Kimberly sold 3,000 shares of WDC for $188,250 on Mar 01 ’24. The Director now owns 23,157 shares after completing the transaction at $62.75 per share. On Nov 03 ’23, another insider, SODERBERY ROBERT, who serves as the EVP & GM, Flash Business of the company, sold 45,461 shares for $43.11 each. As a result, the insider received 1,959,896 and left with 175,697 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 20.36B and an Enterprise Value of 27.15B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 2.02. Its current Enterprise Value per Revenue stands at 2.41 whereas that against EBITDA is -23.61.
Stock Price History:
Over the past 52 weeks, WDC has reached a high of $65.92, while it has fallen to a 52-week low of $31.97. The 50-Day Moving Average of the stock is 56.74, while the 200-Day Moving Average is calculated to be 46.63.
Shares Statistics:
Over the past 3-months, WDC traded about 6.59M shares per day on average, while over the past 10 days, WDC traded about 7.72M 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 93.24% stake in the company. Shares short for WDC as of Feb 29, 2024 were 18.74M with a Short Ratio of 2.84, compared to 17.49M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.75% and a Short% of Float of 6.51%.
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 18 analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.02, 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 $0.26.
Analysts are recommending an EPS of between -$0.64 and -$2.17 for the fiscal current year, implying an average EPS of -$1.61. EPS for the following year is $6.01, with 19 analysts recommending between $11.96 and $3.
Revenue Estimates
A total of 21 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 $12.71B. In the same quarter a year ago, actual revenue was $12.32B, up 3.20% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $16.59B 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 30.60% from the average revenue estimate for this year.
