Western Digital Corp. [NASDAQ: WDC] traded at a low on Monday, posting a -2.68 loss after which it closed the day’ session at $66.43.
The results of the trading session contributed to over 6266500 shares changing hands. Over the past one week, the price volatility of Western Digital Corp. stands at 3.14% while the volatility over the past one month is 3.12%.
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The market cap for WDC stock reached $21.69 billion, with 326.52 million shares outstanding and 323.51 million shares in the current float. Compared to the average trading volume of 5.36M shares, WDC reached a trading volume of 6266500 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $91.50 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 2.70, with the Price to Sales ratio for WDC stock in the period of the last 12 months amounting to 1.82. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 5.80.
How has WDC stock performed recently?
Western Digital Corp. [WDC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.07. With this latest performance, WDC shares dropped by -13.30% in over the last four-week period, additionally plugging by 14.08% over the last 6 months – not to mention a rise of 59.38% 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 33.78, with the RSI for the last a single of trading hit 29.91, and the three-weeks RSI is set at 37.49 for Western Digital Corp. [WDC]. The present Moving Average for the last 50 days of trading for this stock 75.38, while it was recorded at 69.23 for the last single week of trading, and 61.23 for the last 200 days.
Western Digital Corp. [WDC]: Deeper insight into the 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.
Insider trade positions for Western Digital Corp. [WDC]
The top three institutional holders of WDC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in WDC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in WDC stock with ownership which is approximately 5.1238%.
