Western Digital Corp (NASDAQ: WDC) has a price-to-earnings ratio of 39.38x that is above its average ratio. Additionally, the 36-month beta value for WDC is 1.44. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 4 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for WDC is 344.01M and currently, short sellers hold a 5.99% ratio of that float. The average trading volume of WDC on January 27, 2025 was 5.52M shares.
WDC) stock’s latest price update
Western Digital Corp (NASDAQ: WDC)’s stock price has decreased by -4.31 compared to its previous closing price of 67.41. However, the company has seen a -0.82% decrease in its stock price over the last five trading sessions. zacks.com reported 2025-01-27 that WDC’s fiscal second-quarter performance is likely to have been driven by higher nearline demand amid a challenging pricing environment in the Flash business.
WDC’s Market Performance
Western Digital Corp (WDC) has experienced a -0.82% fall in stock performance for the past week, with a 4.79% rise in the past month, and a -3.16% drop in the past quarter. The volatility ratio for the week is 3.40%, and the volatility levels for the past 30 days are at 2.80% for WDC. The simple moving average for the past 20 days is 0.76% for WDC’s stock, with a -5.80% simple moving average for the past 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 -1.78% 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 -20.90% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +4.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.09% lower at present.
During the last 5 trading sessions, WDC fell by -0.64%, which changed the moving average for the period of 200-days by -11.05% in comparison to the 20-day moving average, which settled at $64.02. In addition, Western Digital Corp saw 8.18% 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 1.95. 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
In conclusion, Western Digital Corp (WDC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
