Western Digital Corp (WDC) concluded trading on Wednesday at a closing price of $68.63, with 8.03 million shares of worth about $551.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.06% during that period and on January 22, 2025 the price saw a gain of about 1.78%. 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 9.39% in past 5 days and over the past one month there was a price change of 8.01%. Year-to-date (YTD), WDC shares are showing a performance of 15.09% which increased to 25.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.77 but also hit the highest price of $81.55 during that period. The average intraday trading volume for Western Digital Corp shares is 5.49 million. The stock is currently trading 8.66% above its 20-day simple moving average (SMA20), while that difference is up 4.28% for SMA50 and it goes to 0.09% higher than SMA200.
Western Digital Corp (NASDAQ: WDC) currently have 346.00M outstanding shares and institutions hold larger chunk of about 95.00% of that.
The stock has a current market capitalization of $23.73B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 41.89, 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 3.40% while standing at 2.98% over the month.
Analysts are in expectations that Western Digital Corp (WDC) stock would likely to be making an EPS of 1.83 in the current quarter, while forecast for next quarter EPS is 1.54 and it is 8.32 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.71 which is 1.97 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3467.05% while it is estimated to increase by 21.32% 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.
