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Looking Closely at the Growth Curve for Western Digital Corporation (WDC)

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Western Digital Corporation (NASDAQ:WDC) went up by 0.73% from its latest closing price compared to the recent 1-year high of $78.19. The company’s stock price has collected -2.37% of loss in the last five trading sessions. Press Release reported on 01/10/22 that Western Digital to Announce Second Quarter Fiscal 2022 Financial Results on January 27, 2022

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 13.88 x from its present earnings ratio. Plus, the 36-month beta value for WDC is at 1.53. Opinions of the stock are interesting as 18 analysts out of 30 who provided ratings for Western Digital Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 11 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $75.69, which is $9.67 above the current price. WDC currently public float of 310.77M and currently shorts hold a 2.83% ratio of that float. Today, the average trading volume of WDC was 3.88M shares.

WDC’s Market Performance

WDC stocks went down by -2.37% for the week, with a monthly jump of 14.08% and a quarterly performance of 21.81%, while its annual performance rate touched 32.30%. The volatility ratio for the week stands at 3.74% while the volatility levels for the past 30 days are set at 3.07% for Western Digital Corporation. The simple moving average for the period of the last 20 days is 6.87% for WDC stocks with a simple moving average of 3.13% for the last 200 days.

Analysts’ Opinion of WDC

Many brokerage firms have already submitted their reports for WDC stocks, with Mizuho repeating the rating for WDC by listing it as a “Buy.” The predicted price for WDC in the upcoming period, according to Mizuho is $75 based on the research report published on November 23rd of the previous year 2021.

Wells Fargo, on the other hand, stated in their research note that they expect to see WDC reach a price target of $80, previously predicting the price at $100. The rating they have provided for WDC stocks is “Overweight” according to the report published on October 29th, 2021.

UBS gave a rating of “Neutral” to WDC, setting the target price at $62 in the report published on October 29th of the previous year.

WDC Trading at 11.87% 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 -15.56% of loss for the given period.

Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares surge +18.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.26% upper at present.

During the last 5 trading sessions, WDC fell by -2.37%, which changed the moving average for the period of 200-days by +1.03% in comparison to the 20-day moving average, which settled at $62.29. In addition, Western Digital Corporation saw 1.24% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at WDC starting from Zamiska Gene M., who sale 2,607 shares at the price of $55.00 back on Nov 02. After this action, Zamiska Gene M. now owns 31,495 shares of Western Digital Corporation, valued at $143,385 using the latest closing price.

Sundberg Lori S, the EVP & Chief Human Res Officer of Western Digital Corporation, sale 3,380 shares at $67.92 during a trade that took place back on Aug 06, which means that Sundberg Lori S is holding 62,795 shares at $229,570 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 14.20, with 5.80 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.

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When we switch over and look at the enterprise to sales, we see a ratio of 1.44, 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.

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