The stock of Western Digital Corporation (WDC) has gone up by 1.75% for the week, with a 8.34% rise in the past month and a 7.86% rise in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are 2.57% for WDC. The simple moving average for the past 20 days is 2.56% for WDC’s stock, with a 14.26% simple moving average for the past 200 days.
Is It Worth Investing in Western Digital Corporation (NASDAQ: WDC) Right Now?
while the 36-month beta value is 1.67.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 3 as “overweight,” 13 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Western Digital Corporation (WDC) is $45.40, which is $2.85 above the current market price. The public float for WDC is 321.12M, and currently, short sellers hold a 2.31% ratio of that floaft. The average trading volume of WDC on September 19, 2023 was 3.35M shares.
WDC) stock’s latest price update
The stock price of Western Digital Corporation (NASDAQ: WDC) has surged by 0.11 when compared to previous closing price of 43.60, but the company has seen a 1.75% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-07 that Western Digital Corporation (NASDAQ:WDC ) Evercore ISI Semiconductor & Semiconductor Equipment Conference September 7, 2023 9:00 AM ET Company Participants David Goeckeler – Chief Executive Officer Wissam Jabre – Chief Financial Officer Conference Call Participants C.J. Muse – Evercore ISI Unidentified Company Representative Perfect.
Analysts’ Opinion of WDC
Many brokerage firms have already submitted their reports for WDC stocks, with UBS repeating the rating for WDC by listing it as a “Neutral.” The predicted price for WDC in the upcoming period, according to UBS is $35 based on the research report published on April 24, 2023 of the current year 2023.
WDC Trading at 5.53% 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 -5.78% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +9.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.87% upper at present.
During the last 5 trading sessions, WDC rose by +1.75%, which changed the moving average for the period of 200-days by +21.15% in comparison to the 20-day moving average, which settled at $42.76. In addition, Western Digital Corporation saw 38.35% 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 2,169 shares at the price of $45.42 back on Sep 06. After this action, Zamiska Gene M. now owns 43,011 shares of Western Digital Corporation, valued at $98,516 using the latest closing price.
Stock Fundamentals for WDC
Current profitability levels for the company are sitting at:
- -5.93 for the present operating margin
- +18.25 for the gross margin
The net margin for Western Digital Corporation stands at -13.85. The total capital return value is set at -3.78, while invested capital returns managed to touch -9.20. Equity return is now at value -14.80, with -6.90 for asset returns.
Based on Western Digital Corporation (WDC), the company’s capital structure generated 60.31 points at debt to equity in total, while total debt to capital is 37.62. Total debt to assets is 33.69, with long-term debt to equity ratio resting at 54.00. Finally, the long-term debt to capital ratio is 31.17.
When we switch over and look at the enterprise to sales, we see a ratio of 1.64, with the company’s debt to enterprise value settled at 0.39. The receivables turnover for the company is 5.60 and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
In a nutshell, Western Digital Corporation (WDC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
