Western Digital Corp (NASDAQ: WDC) is -7.23% lower on its value in year-to-date trading and has touched a low of $39.42 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 $40.54 in the last trading session, with the day’s gains setting it 1.26%.
Currently trading at $41.80, the stock is -13.51% and -13.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.28 million and changing 3.11% at the moment leaves the stock -17.96% off its SMA200. WDC registered -13.94% loss for a year compared to 6-month gain of -8.97%.
The stock witnessed a -14.18% loss in the last 1 month and extending the period to 3 months gives it a -23.29%, and is -6.34% 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 4.54% over the week and 4.55% over the month.
Western Digital Corp (WDC) has around 51000 employees, a market worth around $14.54B and $15.60B in sales. Current P/E ratio is 9.97 and Fwd P/E is 7.65. Profit margin for the company is 9.50%. Distance from 52-week low is 6.05% and -32.17% from its 52-week high. The company has generated returns on investments over the last 12 months (7.46%).
with sales reaching $2.67B over the same period.The EPS is expected to grow by 3072.23% this year, but quarterly earnings will post -28.38% year-over-year. Quarterly sales are estimated to shrink -22.83% in year-over-year returns.
Western Digital Corp (WDC) Top Institutional Holders
The shares outstanding are 348.00M, and float is at 344.74M with Short Float at 11.35%.
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 1,659 shares of the company’s common stock on Mar 07 ’25 at a price of $41.36 per share for a total of $68616.0. Following the sale, the insider now owns 43776.0 shares.
Still, SEC filings show that on Nov 29 ’24, Zamiska Gene M. (SVP & Princ. Acctg Officer) disposed off 313 shares at an average price of $72.63 for $22733.0. The insider now directly holds 28,383 shares of Western Digital Corp (WDC).
