Western Digital Corp (NASDAQ: WDC) is -9.25% lower on its value in year-to-date trading and has touched a low of $39.10 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 $40.43 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $40.89, the stock is -4.41% and -13.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.2 million and changing 1.14% at the moment leaves the stock -18.04% off its SMA200. WDC registered -20.70% loss for a year compared to 6-month loss of -22.05%. The firm has a 50-day simple moving average (SMA 50) of $47.127693 and a 200-day simple moving average (SMA200) of $49.902294.
The stock witnessed a -13.02% gain in the last 1 month and extending the period to 3 months gives it a -10.85%, and is -5.76% 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 3.20% over the week and 3.53% over the month.
Western Digital Corp (WDC) has around 51000 employees, a market worth around $14.22B and $15.60B in sales. Current P/E ratio is 9.75 and Fwd P/E is 7.60. Profit margin for the company is 9.50%. Distance from 52-week low is 4.58% and -33.64% from its 52-week high. The company has generated returns on investments over the last 12 months (7.46%).
with sales reaching $2.7B over the same period.The EPS is expected to grow by 3082.08% this year, but quarterly earnings will post -28.57% year-over-year. Quarterly sales are estimated to shrink -21.80% in year-over-year returns.
Western Digital Corp (WDC) Top Institutional Holders
1031.0 institutions hold shares in Western Digital Corp (WDC), with institutional investors hold 99.60% of the company’s shares. The shares outstanding are 348.00M, and float is at 344.61M with Short Float at 9.72%. Institutions hold 98.89% 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 8.434 of the shares outstanding. The other top investors are FMR LLC which holds 20.57 million shares representing 6.1781% and valued at over $1.56 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 4.5964 of the shares totaling 14.98 million with a market value of $1.14 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 456 shares of the company’s common stock on Mar 12 ’25 at a price of $43.37 per share for a total of $19777.0. Following the sale, the insider now owns 43320.0 shares.
Still, SEC filings show that on Mar 07 ’25, Zamiska Gene M. (SVP & Princ. Acctg Officer) disposed off 1,659 shares at an average price of $41.36 for $68616.0. The insider now directly holds 43,776 shares of Western Digital Corp (WDC).
