Currently, there are 348.00M common shares owned by the public and among those 346.11M shares have been available to trade.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The company’s stock has a 5-day price change of -4.10% and -14.80% over the past three months. WDC shares are trading 4.33% year to date (YTD), with the 12-month market performance up to 8.27% higher. It has a 12-month low price of $39.87 and touched a high of $61.62 over the same period. WDC has an average intraday trading volume of 8.31 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 -6.70%, -4.04%, and -8.45% respectively.
Institutional ownership of Western Digital Corp (NASDAQ: WDC) shares accounts for 97.67% of the company’s 348.00M shares outstanding.
It has a market capitalization of $16.35B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 11.21, while the earnings-per-share (ttm) stands at $4.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.49% over the week and 4.21% over the month.
Earnings per share for the fiscal year are expected to increase by 3021.85%, and 21.54% over the next financial year.
TD Cowen coverage for the Western Digital Corp (WDC) stock in a research note released on September 13, 2024 offered a Buy rating with a price target of $80. Summit Insights was of a view on August 01, 2024 that the stock is Hold, while Citigroup gave the stock Buy rating on May 14, 2024, issuing a price target of $90. The Benchmark Company on their part issued Buy rating on April 26, 2024.
