The stock of Western Digital Corp. (WDC) has seen a 8.04% increase in the past week, with a 5.50% gain in the past month, and a 22.55% flourish in the past quarter. The volatility ratio for the week is 5.71%, and the volatility levels for the past 30 days are at 4.58% for WDC. The simple moving average for the last 20 days is 1.29% for WDC stock, with a simple moving average of 40.01% for the last 200 days.
Is It Worth Investing in Western Digital Corp. (NASDAQ: WDC) Right Now?
The stock has a 36-month beta value of 1.53. Opinions on the stock are mixed, with 15 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for WDC is 321.68M, and at present, short sellers hold a 5.89% of that float. On April 29, 2024, the average trading volume of WDC was 6.91M shares.
WDC) stock’s latest price update
The stock price of Western Digital Corp. (NASDAQ: WDC) has surged by 2.76 when compared to previous closing price of 69.44, but the company has seen a 8.04% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that Western Digital’s (WDC) fiscal third-quarter top-line performance is driven by strength in the cloud segment, especially higher near-line shipments.
Analysts’ Opinion of WDC
Many brokerage firms have already submitted their reports for WDC stocks, with The Benchmark Company repeating the rating for WDC by listing it as a “Buy.” The predicted price for WDC in the upcoming period, according to The Benchmark Company is $85 based on the research report published on April 26, 2024 of the current year 2024.
Rosenblatt gave a rating of “Buy” to WDC, setting the target price at $115 in the report published on April 05th of the current year.
WDC Trading at 10.59% 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 -7.23% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 5.71%, as shares surge +4.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.25% upper at present.
During the last 5 trading sessions, WDC rose by +8.04%, which changed the moving average for the period of 200-days by +85.74% in comparison to the 20-day moving average, which settled at $70.61. In addition, Western Digital Corp. saw 36.26% 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 443 shares at the price of $75.00 back on Apr 08 ’24. After this action, Zamiska Gene M. now owns 30,958 shares of Western Digital Corp., valued at $33,225 using the latest closing price.
Alexy Kimberly, the Director of Western Digital Corp., sale 2,648 shares at $69.95 during a trade that took place back on Apr 01 ’24, which means that Alexy Kimberly is holding 20,509 shares at $185,228 based on the most recent closing price.
Stock Fundamentals for WDC
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.14 for the gross margin
The net margin for Western Digital Corp. stands at -0.13. The total capital return value is set at -0.06. Equity return is now at value -14.28, with -6.34 for asset returns.
Based on Western Digital Corp. (WDC), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is -6.44.
Currently, EBITDA for the company is -264.0 million with net debt to EBITDA at -19.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 6.62for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
To sum up, Western Digital Corp. (WDC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
