Western Digital Corp. [NASDAQ: WDC] closed the trading session at $72.60.
The stocks have a year to date performance of 38.63 percent and weekly performance of 3.92 percent. The stock has been moved at 72.20 percent over the last six months. The stock has performed -0.70 percent around the most recent 30 days and changed 24.17 percent over the most recent 3-months.
If compared to the average trading volume of 6.82M shares, WDC reached to a volume of 6546479 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Western Digital Corp. [WDC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WDC shares is $89.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WDC stock is a recommendation set at 1.68. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Western Digital Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 26, 2024. The new note on the price target was released on April 22, 2024, representing the official price target for Western Digital Corp. stock. Previously, the target price had yet another raise from $65 to $115, while Rosenblatt kept a Buy rating on WDC stock.
The Average True Range (ATR) for Western Digital Corp. is set at 3.01, with the Price to Sales ratio for WDC stock in the period of the last 12 months amounting to 1.99. The Price to Book ratio for the last quarter was 2.34, with the Price to Cash per share for the same quarter was set at 5.80.
WDC stock trade performance evaluation
Western Digital Corp. [WDC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.92. With this latest performance, WDC shares dropped by -0.70% in over the last four-week period, additionally plugging by 72.20% over the last 6 months – not to mention a rise of 119.73% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WDC stock in for the last two-week period is set at 60.36, with the RSI for the last a single of trading hit 62.49, and the three-weeks RSI is set at 60.02 for Western Digital Corp. [WDC]. The present Moving Average for the last 50 days of trading for this stock 66.74, while it was recorded at 70.92 for the last single week of trading, and 52.09 for the last 200 days.
Western Digital Corp. [WDC]: An insightful look at the core fundamentals
Western Digital Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.86.
Western Digital Corp. [WDC]: Institutional Ownership
The top three institutional holders of WDC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in WDC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in WDC stock with ownership which is approximately 5.8386%.
