Western Digital Corp (NASDAQ: WDC) is -1.75% lower on its value in year-to-date trading and has touched a low of $28.83 and a high of $60.80 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 $59.19 in the last trading session, with the day’s loss setting it -51.27%.
Currently trading at $7.92M, the stock is 8.42% and 25.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.42 million and changing 9424287% at the moment leaves the stock 23.26% off its SMA200. WDC registered 31.59% gain for a year compared to 6-month gain of 20.16%. The firm has a 50-day simple moving average (SMA 50) of $47.3182 and a 200-day simple moving average (SMA200) of $48.11104.
The stock witnessed a 17.10% loss in the last 1 month and extending the period to 3 months gives it a 33.21%, and is 6.29% up 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 1.23% over the week and 1.44% over the month.
Western Digital Corp (WDC) has around 51000 employees, a market worth around $20.68B and $14.44B in sales. Current P/E ratio is 11.27 and Fwd P/E is 10.74. Profit margin for the company is 12.97%. Distance from 52-week low is 105.65% and -2.49% from its 52-week high. The company has generated returns on investments over the last 12 months (17.95%).
with sales reaching $2.45B over the same period.The EPS is expected to grow by 3438.53% this year, but quarterly earnings will post -27.91% year-over-year. Quarterly sales are estimated to shrink -34.87% in year-over-year returns.
Western Digital Corp (WDC) Top Institutional Holders
992.0 institutions hold shares in Western Digital Corp (WDC), with institutional investors hold 105.16% of the company’s shares. The shares outstanding are 349.00M, and float is at 345.45M with Short Float at 9.08%. Institutions hold 104.37% 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 11.6601% 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 BANK OF AMERICA CORP /DE/ holds 4.5789 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 245 shares of the company’s common stock on Jun 17 ’25 at a price of $58.01 per share for a total of $14212.0. Following the sale, the insider now owns 39604.0 shares.
Still, SEC filings show that on Jun 05 ’25, Zamiska Gene M. (SVP & Princ. Acctg Officer) disposed off 1,729 shares at an average price of $54.88 for $94888.0. The insider now directly holds 40,089 shares of Western Digital Corp (WDC).
