Western Digital Corp. [NASDAQ: WDC] closed the trading session at $62.85.
The stocks have a year to date performance of 20.01 percent and weekly performance of -2.44 percent. The stock has been moved at 9.34 percent over the last six months. The stock has performed -5.39 percent around the most recent 30 days and changed -17.45 percent over the most recent 3-months.
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If compared to the average trading volume of 6.01M shares, WDC reached to a volume of 5043012 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 $91.24 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 1.62. 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 2.39, with the Price to Sales ratio for WDC stock in the period of the last 12 months amounting to 1.66. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 5.47.
WDC stock trade performance evaluation
Western Digital Corp. [WDC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.44. With this latest performance, WDC shares dropped by -5.39% in over the last four-week period, additionally plugging by 9.34% over the last 6 months – not to mention a rise of 59.15% 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 44.27, with the RSI for the last a single of trading hit 45.91, and the three-weeks RSI is set at 43.59 for Western Digital Corp. [WDC]. The present Moving Average for the last 50 days of trading for this stock 69.58, while it was recorded at 63.79 for the last single week of trading, and 63.21 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 0.78 and a Current Ratio set at 1.32.
Earnings per share (EPS) analysis for Western Digital Corp. [WDC] stock
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]: Institutional Ownership
There are presently around $100.26%, or 100.66%% of WDC stock, in the hands of institutional investors. The top three institutional holders of WDC stocks are: VANGUARD GROUP INC with ownership of 38.83 million shares, which is approximately 11.9105%. BLACKROCK INC., holding 28.09 million shares of the stock with an approximate value of $$2.13 billion in WDC stocks shares; and BLACKROCK INC., currently with $$1.56 billion in WDC stock with ownership which is approximately 6.3107%.
