At the time of writing, Western Digital Corp [WDC] stock is trading at $65.65, up 2.47%. 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 8.15% over the last week, with a monthly amount drifted -9.25%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Western Digital Corp [NASDAQ: WDC] stock has seen the most recent analyst activity on December 19, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, TD Cowen reaffirmed its Buy rating on September 13, 2024, and dropped its price target to $80. On August 01, 2024, downgrade downgraded it’s rating to Hold. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $90 on May 14, 2024. The Benchmark Company upgraded its rating to a Buy but $85 remained the price target by the analyst firm on April 26, 2024. Raymond James downgraded its rating to Mkt Perform for this stock on April 22, 2024. In a note dated April 05, 2024, Rosenblatt upgraded an Buy rating on this stock and boosted its target price from $65 to $115.
For the past year, the stock price of Western Digital Corp fluctuated between $48.96 and $81.55. Currently, Wall Street analysts expect the stock to reach $84 within the next 12 months. Western Digital Corp [NASDAQ: WDC] shares were valued at $65.65 at the most recent close of the market. An investor can expect a potential return of 27.95% 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 64.79 points at the first support level, and at 63.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.99, and for the 2nd resistance point, it is at 68.33.
Ratios To Look Out For
It is important to note that Western Digital Corp [NASDAQ:WDC] has a current ratio of 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 1.64, the price to book ratio is 1.95 and price to earnings (TTM) ratio is 40.07.
Transactions by insiders
Recent insider trading involved Zamiska Gene M., SVP & Princ. Acctg Officer, that happened on Nov 29 ’24 when 313.0 shares were sold. Officer, GENE M ZAMISKA completed a deal on Nov 29 ’24 to buy 313.0 shares. Meanwhile, SVP & Princ. Acctg Officer Zamiska Gene M. sold 658.0 shares on Nov 26 ’24.
