Insiders at the company have transacted a total of 68 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 496,061 shares. Insider sales of the common stock occurred on 47 occasions, with total insider shares sold totaling 551,373 shares.
However, the script later moved the day high at 59.75, down -2.73%. The company’s stock has a 5-day price change of 0.68% and 49.14% over the past three months. WDC shares are trading 10.98% year to date (YTD), with the 12-month market performance up to 29.24% higher. It has a 12-month low price of $31.97 and touched a high of $60.55 over the same period. WDC has an average intraday trading volume of 6.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.81%, 14.70%, and 35.38% respectively.
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Institutional ownership of Western Digital Corp. (NASDAQ: WDC) shares accounts for 86.88% of the company’s 322.00M shares outstanding.
It has a market capitalization of $18.84B and a beta (3y monthly) value of 1.57. The earnings-per-share (ttm) stands at -$7.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.93% over the week and 2.44% over the month.
Analysts forecast that Western Digital Corp. (WDC) will achieve an EPS of $0.09 for the current quarter, $0.69 for the next quarter and $5.85 for 2025. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.3. Comparatively, EPS for the current quarter was -$1.37 a year ago. Earnings per share for the fiscal year are expected to increase by 52.74%, and 452.50% over the next financial year.
Looking at the support for the WDC, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on January 26, 2024, with the firm’s price target at $50-$75.
