Western Digital Corp (NASDAQ: WDC) is 23.43% higher on its value in year-to-date trading and has touched a low of $48.96 and a high of $81.55 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 $65.30 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $64.64, the stock is -6.29% and -4.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing -1.01% at the moment leaves the stock -5.97% off its SMA200. WDC registered 27.55% gain for a year compared to 6-month loss of -19.43%. The firm has a 50-day simple moving average (SMA 50) of $67.5432 and a 200-day simple moving average (SMA200) of $68.7454.
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The stock witnessed a 2.93% gain in the last 1 month and extending the period to 3 months gives it a 0.34%, and is -6.07% 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 3.64% over the week and 3.44% over the month.
Western Digital Corp (WDC) has around 51000 employees, a market worth around $22.35B and $14.35B in sales. Current P/E ratio is 39.46 and Fwd P/E is 7.10. Profit margin for the company is 4.18%. Distance from 52-week low is 32.03% and -20.74% from its 52-week high. The company has generated returns on investments over the last 12 months (3.37%).
with sales reaching $4.29B over the same period.The EPS is expected to grow by 3794.81% this year, but quarterly earnings will post 30.20% year-over-year. Quarterly sales are estimated to grow 41.55% in year-over-year returns.
Western Digital Corp (WDC) Top Institutional Holders
1039.0 institutions hold shares in Western Digital Corp (WDC), with institutional investors hold 96.48% of the company’s shares. The shares outstanding are 346.00M, and float is at 344.01M with Short Float at 6.32%. Institutions hold 96.17% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 38.83 million shares valued at $2.94 billion. The investor’s holdings represent 11.9105% of the WDC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.09 million shares valued at $2.13 billion to account for 8.6151 of the shares outstanding. The other top investors are FMR LLC which holds 20.57 million shares representing 6.3107% and valued at over $1.56 billion, while BANK OF AMERICA CORP /DE/ holds 4.6773 of the shares totaling 15.25 million with a market value of $1.16 billion.
Western Digital Corp (WDC) Insider Activity
The most recent transaction is an insider sale by Zamiska Gene M., the company’s SVP & Princ. Acctg Officer. SEC filings show that Zamiska Gene M. sold 313 shares of the company’s common stock on Nov 29 ’24 at a price of $72.63 per share for a total of $22733.0. Following the sale, the insider now owns 28383.0 shares.
Still, SEC filings show that on Nov 26 ’24, Zamiska Gene M. (SVP & Princ. Acctg Officer) disposed off 658 shares at an average price of $69.99 for $46053.0. The insider now directly holds 28,863 shares of Western Digital Corp (WDC).
