A share price of Western Digital Corp. [WDC] is currently trading at $64.42, down -1.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The WDC shares have gain 4.61% over the last week, with a monthly amount drifted -11.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Western Digital Corp. [NASDAQ: WDC] stock has seen the most recent analyst activity on August 01, 2024, when Summit Insights downgraded its rating to a Hold. Previously, Citigroup started tracking the stock with Buy rating on May 14, 2024, and set its price target to $90. On April 26, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $85 on the stock. Raymond James downgraded its rating to a Mkt Perform. Rosenblatt upgraded its rating to a Buy and raised its price target to $115 on April 05, 2024. Evercore ISI started tracking with a Outperform rating for this stock on March 27, 2024, and assigned it a price target of $80. In a note dated January 26, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $50 to $75.
Western Digital Corp. experienced fluctuations in its stock price throughout the past year between $35.62 and $81.55. Currently, Wall Street analysts expect the stock to reach $76.78 within the next 12 months. Western Digital Corp. [NASDAQ: WDC] shares were valued at $64.42 at the most recent close of the market. An investor can expect a potential return of 19.19% based on the average WDC price forecast.
Analyzing the WDC fundamentals
Trailing Twelve Months sales for Western Digital Corp. [NASDAQ:WDC] were 13.00B which represents 40.87% growth. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
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 64.05 points at the first support level, and at 63.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.96, and for the 2nd resistance point, it is at 65.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Western Digital Corp. [NASDAQ:WDC] is 1.41. On the other hand, the Quick Ratio is 0.83, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 2.07.
Transactions by insiders
Recent insider trading involved SODERBERY ROBERT, EVP & GM, Flash Business, that happened on Aug 05 ’24 when 12154.0 shares were sold. Officer, SODERBERY ROBERT completed a deal on Aug 05 ’24 to buy 12154.0 shares. Meanwhile, SVP, Global Accounting & Chief Zamiska Gene M. sold 219.0 shares on Jun 17 ’24.
