Western Digital Corp (WDC) concluded trading on Thursday at a closing price of $65.99, with 9.86 million shares of worth about $650.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.08% during that period and on December 12, 2024 the price saw a loss of about -5.59%. Currently the company’s common shares owned by public are about 346.00M shares, out of which, 344.01M shares are available for trading.
Stock saw a price change of -8.49% in past 5 days and over the past one month there was a price change of 3.17%. Year-to-date (YTD), WDC shares are showing a performance of 26.01% which increased to 32.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.96 but also hit the highest price of $81.55 during that period. The average intraday trading volume for Western Digital Corp shares is 5.00 million. The stock is currently trading -4.02% below its 20-day simple moving average (SMA20), while that difference is down -2.37% for SMA50 and it goes to -3.96% lower than SMA200.
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Western Digital Corp (NASDAQ: WDC) currently have 346.00M outstanding shares and institutions hold larger chunk of about 94.94% of that.
The stock has a current market capitalization of $22.81B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 40.28, while it has posted earnings per share of $1.64 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WDC, volatility over the week remained 3.59% while standing at 3.28% over the month.
Stock’s fiscal year EPS is expected to rise by 3826.89% while it is estimated to increase by 22.91% in next year. EPS is likely to shrink at an annualized rate of -10.00% for next 5-years, compared to annual growth of -0.24% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on September 13, 2024 offering a Buy rating for the stock and assigned a target price range of between $95 and $80 to it. On May 14, 2024, Citigroup Initiated their recommendations, while on April 26, 2024, The Benchmark Company Upgrade their ratings for the stock with a price target of $85. Stock get a Mkt perform rating from Raymond James on April 22, 2024.
