The stock of Western Digital Corp. (NASDAQ: WDC) has decreased by -7.00 when compared to last closing price of 60.53.Despite this, the company has seen a loss of -17.54% in its stock price over the last five trading days. schaeffersresearch.com reported 2024-08-01 that Western Digital Corp (NASDAQ:WDC) stock is sliding today, down 9.5% at $60.70 at last glance, after the computer hardware name’s fiscal fourth-quarter revenue miss and disappointing guidance.
Is It Worth Investing in Western Digital Corp. (NASDAQ: WDC) Right Now?
Company’s 36-month beta value is 1.40.Analysts have differing opinions on the stock, with 15 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for WDC is 323.62M, and currently, short sellers hold a 6.63% ratio of that floaft. The average trading volume of WDC on August 02, 2024 was 5.77M shares.
WDC’s Market Performance
The stock of Western Digital Corp. (WDC) has seen a -17.54% decrease in the past week, with a -27.64% drop in the past month, and a -19.26% fall in the past quarter. The volatility ratio for the week is 5.11%, and the volatility levels for the past 30 days are at 3.54% for WDC. The simple moving average for the last 20 days is -22.29% for WDC’s stock, with a simple moving average of -8.46% for the last 200 days.
Analysts’ Opinion of WDC
Citigroup, on the other hand, stated in their research note that they expect to see WDC reach a price target of $90. The rating they have provided for WDC stocks is “Buy” according to the report published on May 14th, 2024.
The Benchmark Company gave a rating of “Buy” to WDC, setting the target price at $85 in the report published on April 26th of the current year.
WDC Trading at -24.76% 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 -30.97% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 5.11%, as shares sank -26.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.57% lower at present.
During the last 5 trading sessions, WDC fell by -17.13%, which changed the moving average for the period of 200-days by +23.64% in comparison to the 20-day moving average, which settled at $71.40. In addition, Western Digital Corp. saw 7.49% 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 219 shares at the price of $78.00 back on Jun 17 ’24. After this action, Zamiska Gene M. now owns 29,507 shares of Western Digital Corp., valued at $17,082 using the latest closing price.
SODERBERY ROBERT, the EVP & GM, Flash Business of Western Digital Corp., sale 26,853 shares at $73.48 during a trade that took place back on Jun 04 ’24, which means that SODERBERY ROBERT is holding 144,623 shares at $1,973,215 based on the most recent closing price.
Stock Fundamentals for WDC
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.23 for the gross margin
The net margin for Western Digital Corp. stands at -0.04. The total capital return value is set at 0.0. Equity return is now at value -4.57, with -2.09 for asset returns.
Based on Western Digital Corp. (WDC), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 0.03.
Currently, EBITDA for the company is -26.0 million with net debt to EBITDA at 9.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 6.0for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
In a nutshell, Western Digital Corp. (WDC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
