The stock price of Western Digital Corp (NASDAQ: WDC) has surged by 1.23 when compared to previous closing price of 64.25, but the company has seen a 3.53% gain in its stock price over the last five trading sessions. benzinga.com reported 2025-01-17 that Wall Street analysts rerated Western Digital Corp WDC after the company offered several updates on Thursday, including its fourth-quarter results and the departure of its CFO.
Is It Worth Investing in Western Digital Corp (NASDAQ: WDC) Right Now?
Western Digital Corp (NASDAQ: WDC) has a price-to-earnings ratio that is above its average at 39.70x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 4 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for WDC is 344.01M, and at present, short sellers hold a 5.99% of that float. On January 20, 2025, the average trading volume of WDC was 5.36M shares.
WDC’s Market Performance
WDC stock saw a decrease of 3.53% in the past week, with a monthly decline of -0.40% and a quarterly a decrease of -4.06%. The volatility ratio for the week is 2.79%, and the volatility levels for the last 30 days are 3.03% for Western Digital Corp (WDC). The simple moving average for the last 20 days is 4.04% for WDC stock, with a simple moving average of -5.19% for the last 200 days.
Analysts’ Opinion of WDC
TD Cowen, 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 $95. The rating they have provided for WDC stocks is “Buy” according to the report published on September 13th, 2024.
WDC Trading at -1.19% 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 -20.25% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares surge +0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.28% lower at present.
During the last 5 trading sessions, WDC rose by +3.53%, which changed the moving average for the period of 200-days by -5.51% in comparison to the 20-day moving average, which settled at $62.52. In addition, Western Digital Corp saw 9.07% 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 313 shares at the price of $72.63 back on Nov 29 ’24. After this action, Zamiska Gene M. now owns 28,383 shares of Western Digital Corp, valued at $22,733 using the latest closing price.
GENE M ZAMISKA, the Officer of Western Digital Corp, proposed sale 313 shares at $72.63 during a trade that took place back on Nov 29 ’24, which means that GENE M ZAMISKA is holding shares at $22,733 based on the most recent closing price.
Stock Fundamentals for WDC
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.33 for the gross margin
The net margin for Western Digital Corp stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 6.17, with 2.75 for asset returns.
Based on Western Digital Corp (WDC), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 4.37.
Currently, EBITDA for the company is 324.0 million with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.96. The receivables turnover for the company is 5.84for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To sum up, Western Digital Corp (WDC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
