At the time of writing, Western Digital Corp. [WDC] stock is trading at $67.79, up 1.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The WDC shares have gain 5.13% over the last week, with a monthly amount glided 2.88%, 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
From an analyst’s perspective:
Western Digital Corp. [NASDAQ: WDC] stock has seen the most recent analyst activity on September 13, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $80 from $95. Previously, Summit Insights downgraded its rating to Hold on August 01, 2024. On May 14, 2024, Citigroup initiated with a Buy rating and assigned a price target of $90 on the stock. The Benchmark Company upgraded its rating to a Buy but stick to its price target of $85 on April 26, 2024. Raymond James downgraded its rating to a Mkt Perform. Rosenblatt upgraded its rating to Buy for this stock on April 05, 2024, and upped its price target to $115. In a note dated March 27, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $80 on this stock.
For the past year, the stock price of Western Digital Corp. fluctuated between $35.62 and $81.55. Currently, Wall Street analysts expect the stock to reach $78.17 within the next 12 months. Western Digital Corp. [NASDAQ: WDC] shares were valued at $67.79 at the most recent close of the market. An investor can expect a potential return of 15.31% based on the average WDC price forecast.
Analyzing the WDC fundamentals
According to Western Digital Corp. [NASDAQ:WDC], the company’s sales were 13.00B for trailing twelve months, which represents an 40.87% jump. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.04%, 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 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 66.85 points at the first support level, and at 65.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.39, and for the 2nd resistance point, it is at 69.00.
Ratios To Look Out For
It is important to note that Western Digital Corp. [NASDAQ:WDC] has a current ratio of 1.32. On the other hand, the Quick Ratio is 0.78, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 2.15.
Transactions by insiders
Recent insider trading involved Goeckeler David, Chief Executive Officer, that happened on Sep 26 ’24 when 75000.0 shares were sold. Officer, DAVID GOECKELER completed a deal on Sep 26 ’24 to buy 75000.0 shares. Meanwhile, SVP & Princ. Acctg Officer Zamiska Gene M. sold 2169.0 shares on Sep 04 ’24.
