Western Digital Corp [WDC] stock prices are up 1.10% to $65.29 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WDC shares have gain 2.08% over the last week, with a monthly amount drifted -2.93%, and not 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.
The stock price of Western Digital Corp [WDC] has been fluctuating between $46.05 and $81.55 over the past year. 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 $65.29 at the most recent close of the market. An investor can expect a potential return of 19.73% based on the average WDC price forecast.
Analyzing the WDC fundamentals
The Western Digital Corp [NASDAQ:WDC] reported sales of 14.35B for trailing twelve months, representing a surge of 48.91%. 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 0.05%. 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 64.19 points at the first support level, and at 63.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.90, and for the 2nd resistance point, it is at 66.51.
Ratios To Look Out For
It’s worth pointing out that Western Digital Corp [NASDAQ:WDC]’s Current Ratio is 1.47. In addition, the Quick Ratio stands at 0.91 and the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 39.85.
Transactions by insiders
Recent insider trading involved SODERBERY ROBERT, EVP & GM, Flash Business, that happened on Oct 29 ’24 when 30767.0 shares were sold. Officer, SODERBERY ROBERT completed a deal on Oct 29 ’24 to buy 30767.0 shares. Meanwhile, SVP & Princ. Acctg Officer Zamiska Gene M. sold 1993.0 shares on Oct 28 ’24.
