Western Digital Corporation [WDC] Is Still Undervalued at $47.72

Western Digital Corporation [WDC] shares are up more than 0.02% this year and recently increased 0.01% or $0.45 to settle at $47.72. WDC has a short ratio of 1.50. This implies that the market is currently less bullish on the outlook for WDC.

On 30, November 2020, Western Digital to Participate in Upcoming Investor Conferences. According to news published on Yahoo Finance, Western Digital Corp. (NASDAQ: WDC) today announced management participation in the upcoming investor conferences:.

Analyst Birdseye View:

The most recent analyst activity for Western Digital Corporation [NASDAQ:WDC] stock was on September 23, 2020, when it was Upgrade with a Buy rating from Craig Hallum, which also raised its 12-month price target on the stock to $62. Before that, on October 29, 2020, Cowen Recapitulated an Outperform rating and elevated its amount target to $55. On September 23, 2020, Cleveland Research Upgrade a Neutral rating. On August 06, 2020, The Benchmark Company Reiterated a Buy rating and decreased its price target from $60 to $52. On August 06, 2020, Cowen Reiterated an Outperform rating and decreased its price target to $50. On August 06, 2020, Craig Hallum Downgrade a Hold rating and boosted its amount on this stock to $44. On July 15, 2020, Bernstein Initiated an Outperform rating and boosted its target amount on this stock to $60. On June 22, 2020 The Benchmark Company Upgrade a Buy rating and elevated its amount target to $60.

In the past 52 weeks of trading, this stock has oscillated between a low of $27.40 and a peak of $72.00. Right now, according to Wall Street analyst the average 12-month amount target is $51.71. At the most recent market close, shares of Western Digital Corporation [NASDAQ:WDC] were valued at $47.72. According to the average price forecast, investors can expect a potential return of 0.35%.

FUNDAMENTAL ANALYSIS

Western Digital Corporation [NASDAQ:WDC] most recently reported quarterly sales of 3.92 billion, which represented growth of -2.90%. This publicly-traded organization’s revenue is $262,320 per employee, while its income is -$3,918 per employee. This company’s Gross Margin is currently 23.50%, its Operating Margin is 3.20%, its Pretax Margin is -0.27, and its Net Margin is -1.49. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.96, -2.56, 2.73 and -1.27 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 50.69 and the whole liability to whole assets at 38.27. It shows enduring liability to the whole principal at 49.03 and enduring liability to assets at 0.37 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 47.13 points at 1st support level, the second support level is making up to 46.53. But as of 1st resistance point, this stock is sitting at 48.12 and at 48.51 for 2nd resistance point.

Western Digital Corporation [WDC] reported its earnings at $0.65 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.55/share signifying the difference of 0.1 and 18.20% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.23 calling estimates for $1.22/share with the difference of 0.01 depicting the surprise of 0.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Western Digital Corporation [NASDAQ:WDC] is 2.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.69. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.76 and it’s amount to book ratio is 1.34.

Insider Stories

The most recent insider trade was by Sundberg Lori S, EVP & Chief Human Res Officer, and it was the sale of 1300.0 shares on Jun 03. CORDANO MICHAEL D, the President and COO, completed a sale of 200.0 shares on Feb 05. On Feb 04, RAY MICHAEL CHARLES, EVP, Chief Legal Officer & Sec, completed a sale of 4387.0 shares.