A share price of Western Digital Corp [WDC] is currently trading at $44.75, up 0.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The WDC shares have gain 10.38% over the last week, with a monthly amount drifted -12.34%, 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.
Western Digital Corp experienced fluctuations in its stock price throughout the past year between $39.42 and $61.62. Currently, Wall Street analysts expect the stock to reach $73.5 within the next 12 months. Western Digital Corp [NASDAQ: WDC] shares were valued at $44.75 at the most recent close of the market. An investor can expect a potential return of 64.25% based on the average WDC price forecast.
Analyzing the WDC fundamentals
Trailing Twelve Months sales for Western Digital Corp [NASDAQ:WDC] were 15.60B which represents 41.33% growth. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 44.30 points at the first support level, and at 43.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.32, and for the 2nd resistance point, it is at 45.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Western Digital Corp [NASDAQ:WDC] is 1.99. On the other hand, the Quick Ratio is 1.26, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 10.68.
Transactions by insiders
Recent insider trading involved Zamiska Gene M., SVP & Princ. Acctg Officer, that happened on Mar 12 ’25 when 456.0 shares were sold. Officer, GENE M ZAMISKA completed a deal on Mar 12 ’25 to buy 456.0 shares. Meanwhile, SVP & Princ. Acctg Officer Zamiska Gene M. sold 1659.0 shares on Mar 07 ’25.
