Western Digital Corp (NASDAQ: WDC) is -0.95% lower on its value in year-to-date trading and has touched a low of $39.87 and a high of $61.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WDC stock was last observed hovering at around $47.01 in the last trading session, with the day’s loss setting it -2.38%.
Currently trading at $44.63, the stock is -11.06% and -8.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.1 million and changing -5.06% at the moment leaves the stock -12.99% off its SMA200. WDC registered -0.68% loss for a year compared to 6-month gain of -6.29%.
The stock witnessed a -9.31% loss in the last 1 month and extending the period to 3 months gives it a -17.39%, and is -9.05% 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 5.44% over the week and 4.20% over the month.
Western Digital Corp (WDC) has around 51000 employees, a market worth around $15.52B and $15.60B in sales. Current P/E ratio is 10.65 and Fwd P/E is 8.32. Profit margin for the company is 9.50%. Distance from 52-week low is 11.93% and -27.57% from its 52-week high. The company has generated returns on investments over the last 12 months (7.46%).
with sales reaching $3.07B over the same period.The EPS is expected to grow by 3021.85% this year, but quarterly earnings will post 5.42% year-over-year. Quarterly sales are estimated to shrink -11.16% in year-over-year returns.
Western Digital Corp (WDC) Top Institutional Holders
The shares outstanding are 348.00M, and float is at 346.11M with Short Float at 11.31%.
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
A total of 0 insider transactions have happened at Western Digital Corp (WDC) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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 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).
Western Digital Corp (WDC): Who are the competitors?
The company’s main competitors (and peers) include Seagate Technology Holdings PLC (STX) that is trading -0.06% down over the past 12 months. NetApp Inc. (NTAP) that is -10.73% lower over the same period.
