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Highlights from the Ratings and Financial Report for Western Digital Corporation (WDC)

Western Digital Corporation (NASDAQ:WDC) went up by 1.90% from its latest closing price compared to the recent 1-year high of $69.99. The company’s stock price has collected 1.98% of gains in the last five trading sessions. Barron’s reported on 07/22/22 that Micron and Western Digital Stocks Drop After Seagate’s Earnings Miss. It’s the Economy.

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 8.52 x from its present earnings ratio. Plus, the 36-month beta value for WDC is at 1.49. Opinions of the stock are interesting as 17 analysts out of 28 who provided ratings for Western Digital Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $67.35, which is $18.48 above the current price. WDC currently public float of 311.79M and currently shorts hold a 2.96% ratio of that float. Today, the average trading volume of WDC was 3.85M shares.

WDC’s Market Performance

WDC stocks went up by 1.98% for the week, with a monthly jump of 12.79% and a quarterly performance of -19.98%, while its annual performance rate touched -25.33%. The volatility ratio for the week stands at 3.41% while the volatility levels for the past 30 days are set at 3.36% for Western Digital Corporation. The simple moving average for the period of the last 20 days is 4.55% for WDC stocks with a simple moving average of -8.62% for the last 200 days.

Analysts’ Opinion of WDC

Many brokerage firms have already submitted their reports for WDC stocks, with Susquehanna repeating the rating for WDC by listing it as a “Neutral.” The predicted price for WDC in the upcoming period, according to Susquehanna is $50 based on the research report published on April 14th of the current year 2022.

Mizuho, on the other hand, stated in their research note that they expect to see WDC reach a price target of $75, previously predicting the price at $55. The rating they have provided for WDC stocks is “Buy” according to the report published on November 23rd, 2021.

Wells Fargo gave a rating of “Overweight” to WDC, setting the target price at $80 in the report published on October 29th of the previous year.

WDC Trading at -2.32% 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 -29.43% of loss for the given period.

Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares surge +12.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.06% lower at present.

During the last 5 trading sessions, WDC rose by +1.98%, which changed the moving average for the period of 200-days by -10.86% in comparison to the 20-day moving average, which settled at $47.52. In addition, Western Digital Corporation saw -24.26% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at WDC starting from Zamiska Gene M., who sale 4,776 shares at the price of $63.00 back on May 04. After this action, Zamiska Gene M. now owns 26,719 shares of Western Digital Corporation, valued at $300,888 using the latest closing price.

Sivaram Srinivasan, the President, Tech & Strategy of Western Digital Corporation, sale 11,380 shares at $53.37 during a trade that took place back on Feb 15, which means that Sivaram Srinivasan is holding 254,507 shares at $607,385 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 15.80, with 7.00 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 1.09, 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.