Western Digital Corp. [NASDAQ: WDC] stock went on a downward path that fall over -1.81% on Wednesday, amounting to a one-week price decrease of less than -5.93%.
Over the last 12 months, WDC stock rose by 100.93%. The one-year Western Digital Corp. stock forecast points to a potential upside of 16.73. The average equity rating for WDC stock is currently 1.67, trading closer to a bullish pattern in the stock market.
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 market cap for the stock reached $24.64 billion, with 322.00 million shares outstanding and 320.39 million shares in the current float. Compared to the average trading volume of 6.35M shares, WDC stock reached a trading volume of 2731209 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $90.63 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 1.67. 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.
Citigroup have made an estimate for Western Digital Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 14, 2024. The new note on the price target was released on April 26, 2024, representing the official price target for Western Digital Corp. stock. On April 05, 2024, analysts increased their price target for WDC shares from 65 to 115.
The Average True Range (ATR) for Western Digital Corp. is set at 2.39, with the Price to Sales ratio for WDC stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 5.80.
WDC Stock Performance Analysis:
Western Digital Corp. [WDC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.93. With this latest performance, WDC shares gained by 0.88% in over the last four-week period, additionally plugging by 43.32% over the last 6 months – not to mention a rise of 100.93% 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 48.99, with the RSI for the last a single of trading hit 44.97, and the three-weeks RSI is set at 51.54 for Western Digital Corp. [WDC]. The present Moving Average for the last 50 days of trading for this stock 73.63, while it was recorded at 75.96 for the last single week of trading, and 57.93 for the last 200 days.
Insight into Western Digital Corp. 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] Institutonal Ownership Details
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%.