Western Digital Corp. [NASDAQ: WDC] stock went on an upward path that rose over 1.64% on Monday, amounting to a one-week price increase of more than 7.84%.
Over the last 12 months, WDC stock rose by 61.58%. The one-year Western Digital Corp. stock forecast points to a potential upside of 28.86. The average equity rating for WDC stock is currently 1.59, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $21.26 billion, with 322.00 million shares outstanding and 321.22 million shares in the current float. Compared to the average trading volume of 6.09M shares, WDC stock reached a trading volume of 5139362 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 $91.51 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 1.59. 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.
Summit Insights have made an estimate for Western Digital Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 01, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on May 14, 2024, representing the official price target for Western Digital Corp. stock. Previously, the target price had yet another raise to $85, while The Benchmark Company analysts kept a Buy rating on WDC stock.
The Average True Range (ATR) for Western Digital Corp. is set at 2.84, with the Price to Sales ratio for WDC stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 2.10, with the Price to Cash per share for the same quarter was set at 5.75.
WDC Stock Performance Analysis:
Western Digital Corp. [WDC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.84. With this latest performance, WDC shares dropped by -6.76% in over the last four-week period, additionally plugging by 20.56% over the last 6 months – not to mention a rise of 61.58% 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 49.52, with the RSI for the last a single of trading hit 57.26, and the three-weeks RSI is set at 46.80 for Western Digital Corp. [WDC]. The present Moving Average for the last 50 days of trading for this stock 71.22, while it was recorded at 63.15 for the last single week of trading, and 62.57 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 0.83 and a Current Ratio set at 1.41.
WDC Stock EPS
With the latest financial reports released by the company, Western Digital Corp. posted -1.76/share EPS, while the average EPS was predicted by analysts to be reported at -1.9/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WDC.
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 8.5034%. 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%.
