Western Digital Corp. (NASDAQ: WDC) is 35.69% higher on its value in year-to-date trading and has touched a low of $31.97 and a high of $76.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WDC stock was last observed hovering at around $70.43 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $71.06, the stock is 4.06% and 13.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.44 million and changing 0.89% at the moment leaves the stock 42.90% off its SMA200. WDC registered 100.39% gain for a year compared to 6-month gain of 55.49%.
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The stock witnessed a 18.85% loss in the last 1 month and extending the period to 3 months gives it a 36.05%, and is -2.19% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.19% over the week and 3.92% over the month.
Western Digital Corp. (WDC) has around 53000 employees, a market worth around $23.18B and $11.26B in sales. Fwd P/E is 10.41. Profit margin for the company is -20.54%. Distance from 52-week low is 122.27% and -7.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.37%).
The EPS is expected to grow by 60.28% this year.
Western Digital Corp. (WDC) Top Institutional Holders
The shares outstanding are 322.00M, and float is at 321.04M with Short Float at 4.99%.
Western Digital Corp. (WDC) Insider Activity
The most recent transaction is an insider sale by Zamiska Gene M.,the company’sSVP & Princ. Acctg Officer. SEC filings show that Zamiska Gene M. sold 443 shares of the company’s common stock on Apr 08 ’24 at a price of $75.00 per share for a total of $33225.0. Following the sale, the insider now owns 30958.0 shares.
Western Digital Corp. disclosed in a document filed with the SEC on Apr 01 ’24 that Alexy Kimberly (Director) sold a total of 2,648 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $69.95 per share for $0.19 million. Following the transaction, the insider now directly holds 20509.0 shares of the WDC stock.
Still, SEC filings show that on Mar 01 ’24, Zamiska Gene M. (SVP & Princ. Acctg Officer) disposed off 10,768 shares at an average price of $61.31 for $0.66 million. The insider now directly holds 31,401 shares of Western Digital Corp. (WDC).
