A share price of Western Digital Corp. [WDC] is currently trading at $69.45, up 4.72%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WDC shares have gain 3.61% over the last week, with a monthly amount drifted -1.43%, 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 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.
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 $78.17 within the next 12 months. Western Digital Corp. [NASDAQ: WDC] shares were valued at $69.45 at the most recent close of the market. An investor can expect a potential return of 12.56% based on the average WDC price forecast.
Analyzing the WDC fundamentals
Trailing Twelve Months sales for Western Digital Corp. [NASDAQ:WDC] were 14.35B which represents 48.91% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
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 68.01 points at the first support level, and at 66.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.19, and for the 2nd resistance point, it is at 74.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Western Digital Corp. [NASDAQ:WDC] is 1.47. Also, the Quick Ratio is 0.91, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 2.20 and price to earnings (TTM) ratio is 42.33.
Transactions by insiders
Recent insider trading involved DAVID GOECKELER, Officer, that happened on Oct 25 ’24 when 75000.0 shares were purchased. Chief Executive Officer, Goeckeler David completed a deal on Sep 26 ’24 to sell 75000.0 shares. Meanwhile, Officer DAVID GOECKELER bought 75000.0 shares on Sep 26 ’24.
