Currently, there are 348.00M common shares owned by the public and among those 344.62M shares have been available to trade.
The company’s stock has a 5-day price change of 10.74% and -14.50% over the past three months. WDC shares are trading -9.85% year to date (YTD), with the 12-month market performance down to -22.59% lower. It has a 12-month low price of $28.83 and touched a high of $61.62 over the same period. WDC has an average intraday trading volume of 9.32 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 10.93%, -3.20%, and -14.98% respectively.
Institutional ownership of Western Digital Corp (NASDAQ: WDC) shares accounts for 97.64% of the company’s 348.00M shares outstanding.
It has a market capitalization of $14.13B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 9.69, 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 3.39% over the week and 6.45% over the month.
Earnings per share for the fiscal year are expected to increase by 3188.94%, and 0.35% over the next financial year.
Looking at the support for the WDC, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on April 16, 2025, with the firm’s price target at $46. The Benchmark Company coverage for the Western Digital Corp (WDC) stock in a research note released on April 10, 2025 offered a Buy rating with a price target of $55. The Benchmark Company was of a view on December 19, 2024 that the stock is Hold, while TD Cowen gave the stock Buy rating on September 13, 2024, issuing a price target of $95- $80. Summit Insights on their part issued Hold rating on August 01, 2024.
