Is Western Digital Corp (NASDAQ: WDC) Proving The Doubters Wrong?

Western Digital Corp (WDC) concluded trading on Wednesday at a closing price of $69.32, with 7.2 million shares of worth about $499.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.05% during that period and on July 23, 2025 the price saw a gain of about 3.37%. Currently the company’s common shares owned by public are about 349.00M shares, out of which, 345.47M shares are available for trading.

Stock saw a price change of 4.19% in past 5 days and over the past one month there was a price change of 14.81%. Year-to-date (YTD), WDC shares are showing a performance of 31.39% which increased to 53.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.83 but also hit the highest price of $68.77 during that period. The average intraday trading volume for Western Digital Corp shares is 6.42 million. The stock is currently trading 5.41% above its 20-day simple moving average (SMA20), while that difference is up 18.42% for SMA50 and it goes to 38.99% higher than SMA200.

Western Digital Corp (NASDAQ: WDC) currently have 349.00M outstanding shares and institutions hold larger chunk of about 103.34% of that.

The stock has a current market capitalization of $24.18B and its 3Y-monthly beta is at 1.58. PE ratio of stock for trailing 12 months is 13.18, while it has posted earnings per share of $5.26 in the same period. It has Quick Ratio of 1.31 while making debt-to-equity ratio of 1.49. 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 2.51% while standing at 2.38% over the month.

Stock’s fiscal year EPS is expected to rise by 3298.11% while it is estimated to increase by 17.90% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on July 10, 2025 offering a Neutral rating for the stock and assigned a target price of $70 to it. Coverage by JP Morgan stated Western Digital Corp (WDC) stock as an Overweight in their note to investors on May 01, 2025, suggesting a price target of $57 for the stock. Stock get an Overweight rating from Morgan Stanley on April 16, 2025.

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