At the time of writing, Western Digital Corp [WDC] stock is trading at $73.02, up 5.18%. 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 11.84% over the last week, with a monthly amount glided 4.75%, and 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.
For the past year, the stock price of Western Digital Corp fluctuated between $46.28 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 $73.02 at the most recent close of the market. An investor can expect a potential return of 7.05% based on the average WDC price forecast.
Analyzing the WDC fundamentals
According to Western Digital Corp [NASDAQ:WDC], the company’s sales were 14.35B for trailing twelve months, which represents an 48.91% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
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 70.51 points at the first support level, and at 67.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.39, and for the 2nd resistance point, it is at 75.75.
Ratios To Look Out For
It is important to note that Western Digital Corp [NASDAQ:WDC] has a current ratio of 1.47. As well, the Quick Ratio is 0.91, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 2.17 and price to earnings (TTM) ratio is 44.57.
Transactions by insiders
Recent insider trading involved Zamiska Gene M., SVP & Princ. Acctg Officer, that happened on Nov 26 ’24 when 658.0 shares were sold. Officer, GENE M ZAMISKA completed a deal on Nov 26 ’24 to buy 658.0 shares. Meanwhile, SVP & Princ. Acctg Officer Zamiska Gene M. sold 376.0 shares on Nov 21 ’24.
