Western Digital Corp. [WDC] stock is trading at $73.11, up 3.64%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WDC shares have gain 7.14% over the last week, with a monthly amount glided 13.00%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 5, March 2024, Western Digital Announces Update on Company Separation. In a post published today on Yahoo Finance, Momentum Continues Across Broad Scope of Transaction Activities.
From an analyst’s perspective:
Western Digital Corp. [NASDAQ: WDC] stock has seen the most recent analyst activity on April 05, 2024, when Rosenblatt upgraded its rating to a Buy and also boosted its price target to $115 from $65. Previously, Evercore ISI started tracking the stock with Outperform rating on March 27, 2024, and set its price target to $80. On January 26, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $75 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $70 on January 23, 2024. Morgan Stanley reiterated its recommendation of a Overweight and raised its price target to $73 on January 22, 2024. Deutsche Bank upgraded its rating to Buy for this stock on January 16, 2024, and upped its price target to $65. In a note dated January 16, 2024, Barclays upgraded an Overweight rating on this stock and boosted its target price from $45 to $65.
Western Digital Corp. [WDC] stock has fluctuated between $31.97 and $74.86 over the past year. Currently, Wall Street analysts expect the stock to reach $68.5 within the next 12 months. Western Digital Corp. [NASDAQ: WDC] shares were valued at $73.11 at the most recent close of the market. An investor can expect a potential drop of -6.31% based on the average WDC price forecast.
Analyzing the WDC fundamentals
Western Digital Corp. [NASDAQ:WDC] reported sales of 11.26B for the trailing twelve months, which represents a drop of -2.41%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.21 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 71.45 points at the first support level, and at 69.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.11, and for the 2nd resistance point, it is at 75.12.
Western Digital Corp. [WDC] reported earnings per share of -$0.69 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.13/share, meaning a difference of $0.44 and a surprise factor of 38.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.76 per share as compared to estimates of -$1.9 per share, a difference of $0.14 representing a surprise of 7.40%.
Ratios To Look Out For
For context, Western Digital Corp.’s Current Ratio is 1.67. As well, the Quick Ratio is 0.98, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 2.12, the price to book ratio is 2.37.
Transactions by insiders
Recent insider trading involved Alexy Kimberly, Director, that happened on Apr 01 ’24 when 2648.0 shares were sold. SVP & Princ. Acctg Officer, Zamiska Gene M. completed a deal on Mar 01 ’24 to sell 10768.0 shares. Meanwhile, Director Alexy Kimberly sold 3000.0 shares on Mar 01 ’24.
