Western Digital Corporation (NASDAQ:WDC) went down by -1.66% from its latest closing price compared to the recent 1-year high of $78.19. The company’s stock price has collected -4.74% of loss in the last five trading sessions. Press Release reported 7 hours ago that FTC Solar Announces CEO Transition
Is It Worth Investing in Western Digital Corporation (NASDAQ :WDC) Right Now?
Western Digital Corporation (NASDAQ:WDC) scored a price-to-earnings ratio above its average ratio, recording 21.90 x from its present earnings ratio. Plus, the 36-month beta value for WDC is at 1.63. Opinions of the stock are interesting as 19 analysts out of 30 who provided ratings for Western Digital Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 10 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $93.39, which is $36.03 above the current price. WDC currently public float of 305.22M and currently shorts hold a 2.64% ratio of that float. Today, the average trading volume of WDC was 4.03M shares.
WDC’s Market Performance
WDC stocks went down by -4.74% for the week, with a monthly drop of -8.88% and a quarterly performance of -23.20%, while its annual performance rate touched 47.77%. The volatility ratio for the week stands at 3.23% while the volatility levels for the past 30 days are set at 3.99% for Western Digital Corporation. The simple moving average for the period of the last 20 days is -5.75% for WDC stocks with a simple moving average of -10.20% for the last 200 days.
Analysts’ Opinion of WDC
Goldman, on the other hand, stated in their research note that they expect to see WDC reach a price target of $85, previously predicting the price at $56. The rating they have provided for WDC stocks is “Buy” according to the report published on March 05th, 2021.
Susquehanna gave a rating of “Positive” to WDC, setting the target price at $100 in the report published on February 24th of the current year.
WDC Trading at -10.24% from the 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, the company was unable to rebound, for now settling with -26.41% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares sank -6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.05% lower at present.
During the last 5 trading sessions, WDC fell by -4.74%, which changed the moving average for the period of 200-days by +27.13% in comparison to the 20-day moving average, which settled at $60.84. In addition, Western Digital Corporation saw 3.88% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at WDC starting from Sundberg Lori S, who sale 3,380 shares at the price of $67.92 back on Aug 06. After this action, Sundberg Lori S now owns 62,795 shares of Western Digital Corporation, valued at $229,570 using the latest closing price.
RAY MICHAEL CHARLES, the EVP, Chief Legal Officer & Sec of Western Digital Corporation, sale 22,735 shares at $59.92 during a trade that took place back on Jan 29, which means that RAY MICHAEL CHARLES is holding 61,469 shares at $1,362,170 based on the most recent closing price.
Stock Fundamentals for WDC
Current profitability levels for the company are sitting at:
- +7.39 for the present operating margin
- +27.17 for the gross margin
The net margin for Western Digital Corporation stands at +4.85. The total capital return value is set at 6.40, while invested capital returns managed to touch 4.27. Equity return is now at value 8.20, with 3.20 for asset returns.
Based on Western Digital Corporation (WDC), the company’s capital structure generated 83.59 points at debt to equity in total, while total debt to capital is 45.53. Total debt to assets is 34.30, with long-term debt to equity ratio resting at 80.94. Finally, the long-term debt to capital ratio is 44.09.
When we switch over and look at the enterprise to sales, we see a ratio of 1.61, with the company’s debt to enterprise value settled at 0.33. The receivables turnover for the company is 7.30 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.