Currently, there are 349.00M 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 10.07% and -7.49% over the past three months. WDC shares are trading -0.06% year to date (YTD), with the 12-month market performance down to -15.48% 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 9.12 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 18.11%, 9.21%, and -5.21% respectively.
Institutional ownership of Western Digital Corp (NASDAQ: WDC) shares accounts for 98.21% of the company’s 349.00M shares outstanding.
It has a market capitalization of $15.71B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 8.56, while the earnings-per-share (ttm) stands at $5.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.15% over the week and 5.90% over the month.
Earnings per share for the fiscal year are expected to increase by 3442.22%, and 7.98% over the next financial year.
Looking at the support for the WDC, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on May 01, 2025, with the firm’s price target at $57. TD Cowen coverage for the Western Digital Corp (WDC) stock in a research note released on May 01, 2025 offered a Buy rating with a price target of $58. Summit Insights was of a view on April 30, 2025 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on April 16, 2025, issuing a price target of $46. The Benchmark Company on their part issued Buy rating on April 10, 2025.
