Western Digital Corp (WDC) concluded trading on Wednesday at a closing price of $64.06, with 4.62 million shares of worth about $295.72 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.16% during that period and on January 08, 2025 the price saw a loss of about -1.25%. Currently the company’s common shares owned by public are about 346.00M shares, out of which, 343.88M shares are available for trading.
Stock saw a price change of 7.43% in past 5 days and over the past one month there was a price change of -9.86%. Year-to-date (YTD), WDC shares are showing a performance of 7.43% which increased to 27.63% 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 5.32 million. The stock is currently trading 0.99% above its 20-day simple moving average (SMA20), while that difference is down -3.27% for SMA50 and it goes to -6.80% lower than SMA200.
Western Digital Corp (NASDAQ: WDC) currently have 346.00M outstanding shares and institutions hold larger chunk of about 94.96% of that.
The stock has a current market capitalization of $22.15B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 39.10, 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 3.37% while standing at 3.20% over the month.
Stock’s fiscal year EPS is expected to rise by 3722.61% while it is estimated to increase by 23.71% 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.
Coverage by TD Cowen stated Western Digital Corp (WDC) stock as a Buy in their note to investors on September 13, 2024, suggesting a price target of $80 for the stock. On August 01, 2024, Summit Insights Downgrade their recommendations, while on May 14, 2024, Citigroup Initiated their ratings for the stock with a price target of $90. Stock get a Buy rating from The Benchmark Company on April 26, 2024.
