Western Digital Corp [NASDAQ: WDC] stock went on a downward path that fall over -1.25% on Wednesday, amounting to a one-week price increase of more than 7.43%.
Over the last 12 months, WDC stock rose by 27.63%. The one-year Western Digital Corp stock forecast points to a potential upside of 28.62. The average equity rating for WDC stock is currently 1.72, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $22.15 billion, with 346.00 million shares outstanding and 343.88 million shares in the current float. Compared to the average trading volume of 5.32M shares, WDC stock reached a trading volume of 4616252 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 $89.74 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 1.72. 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 Hold, with their previous recommendation back on December 19, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $95 to $80. The new note on the price target was released on September 13, 2024, representing the official price target for Western Digital Corp stock.
The Average True Range (ATR) for Western Digital Corp is set at 2.16, with the Price to Sales ratio for WDC stock in the period of the last 12 months amounting to 1.54. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 4.93.
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 7.43. With this latest performance, WDC shares dropped by -9.86% in over the last four-week period, additionally sinking by -20.16% over the last 6 months – not to mention a rise of 27.63% 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 48.84, with the RSI for the last a single of trading hit 51.94, and the three-weeks RSI is set at 47.94 for Western Digital Corp [WDC]. The present Moving Average for the last 50 days of trading for this stock 66.23, while it was recorded at 64.10 for the last single week of trading, and 68.74 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 0.91 and a Current Ratio set at 1.47.
WDC Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Western Digital Corp go to -10.00%.
Western Digital Corp [WDC] Institutonal Ownership Details
There are presently around $95.99%, or 96.30%% 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%.
