Western Digital Corporation (NASDAQ:WDC) went up by 2.64% from its latest closing price when compared to the 1-year high value of $65.79 and move down -18.33%, while WDC stocks collected +3.77% of gains with the last five trading sessions.
Western Digital Corporation (NASDAQ:WDC) Worth an Investment?
Western Digital Corporation (NASDAQ: WDC) The 36 Months beta value for WDC stocks is at 1.87, while 13 of the analysts out of 30 who provided ratings for Western Digital Corporation stocks as a “buy” while 0 as overweight, 13 rated it as hold and 3 as sell. The average price we get from analysts is $58.94 which is $3.3 above current price. WDC currently has a short float of 5.69% and public float of 283.21M with average trading volume of 6.26M shares.
WDC Market Performance
WDC stocks went up by 3.77% for the week, with the monthly jump of 1.76% and a quarterly performance of 24.58%, while its annual performance rate touched -14.18%. The simple moving average for the period of the last 20 days is 2.07% for WDC stocks with the simple moving average of 20.51% for the last 200 days.
Analysts’ Opinion on Western Digital Corporation (NASDAQ:WDC)
Many brokerage firms have already submitted their reports for WDC stocks, with Barclays repeating the rating for WDC shares by setting it to “Equal Weight”. The predicted price for WDC socks in the upcoming period according to Barclays is $53 based on the research report published on August 8, 2019.
Wedbush , on the other hand, stated in their research note that they expect to see WDC stock at the price of $54.50, previously predicting the value of $32.50. The rating they have provided for WDC stocks is “Neutral” according to the report published on August 1, 2019.
Cowen gave “Market Perform” rating to WDC stocks, setting the target price at $45 in the report published on August 1, 2019.
WDC Stocks 16.32% Far from 50 Day Moving Average
After a stumble in the market that brought WDC to its low price for the period of the last 52 weeks, Western Digital Corporation was unable to take a rebound, for now settling with -15.49% of loss for the given period.
The stock volatility was left at 4.06%, however, within the period of a single month, the volatility rate increased by 4.25%, while the shares surge at the distance of +7.98% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +49.95% upper at the present time.
In the course of the last 5 trading sessions, WDC went up by +3.77%, which changed the moving average for the period of 200 days to the total of +6.23% of gains for the stock in comparison to the 20-day moving average settled at $54.68. In addition, Western Digital Corporation saw 50.39% in overturn over the period of a single year with a tendency to cut further gains.
WDC Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Western Digital Corporation (WDC), starting from LONG MARK P, who sold 17,523 shares at the price of $50.00 back on Mar 12. After this action, Rushing now owns 141,221 shares of Western Digital Corporation, valued at $876,150 with the latest closing price.
LONG MARK P, the Pres WD Capital, CSO & CFO of Western Digital Corporation, sold 100 shares at the value of $50.00 during a trade that took place back on Mar 11, which means that LONG MARK P is holding 158,744 shares at the value of $5,000 based on the most recent closing price.
WDC Stock Fundamentals
The current profitability levels are settled at +1.53 for the present operating margin and +22.64 for gross margin. The net margin for Western Digital Corporation stands at -4.55. Total capital return value is set at 1.17, while invested capital returns managed to touch -3.53. Equity return holds the value 7.60%, with 3.00% for asset returns.
Based on Western Digital Corporation (WDC), the company’s capital structure generated 105.57 points for debt to equity in total, while total debt to capital is set at the value of 51.35. Total debt to assets is settled at the value of 39.90 with long-term debt to equity ratio rests at 102.80 and long-term debt to capital is 50.01.
EBITDA value lies at +59.00 M with total debt to EBITDA carrying the value of 5.10. The value for Enterprise to Sales is 1.39 with debt to enterprise value settled at 0.50. The receivables turnover for Western Digital Corporation is 9.74 with the total asset turnover at the value of 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.