Currently, there are 322.00M common shares owned by the public and among those 320.39M shares have been available to trade.
The company’s stock has a 5-day price change of -7.31% and 10.61% over the past three months. WDC shares are trading 39.51% year to date (YTD), with the 12-month market performance up to 90.86% higher. It has a 12-month low price of $35.62 and touched a high of $81.55 over the same period. WDC has an average intraday trading volume of 5.55 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 -4.30%, -3.51%, and 20.77% respectively.
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Institutional ownership of Western Digital Corp. (NASDAQ: WDC) shares accounts for 93.06% of the company’s 322.00M shares outstanding.
It has a market capitalization of $23.86B and a beta (3y monthly) value of 1.37. The earnings-per-share (ttm) stands at -$5.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.14% over the week and 3.12% over the month.
Earnings per share for the fiscal year are expected to increase by 82.82%, and 1432.86% over the next financial year.
Looking at the support for the WDC, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on May 14, 2024, with the firm’s price target at $90. The Benchmark Company coverage for the Western Digital Corp. (WDC) stock in a research note released on April 26, 2024 offered a Buy rating with a price target of $85. Raymond James was of a view on April 22, 2024 that the stock is Mkt Perform, while Rosenblatt gave the stock Buy rating on April 05, 2024, issuing a price target of $65- $115. Evercore ISI on their part issued Outperform rating on March 27, 2024.
