On Monday, Western Digital Corp. (NASDAQ: WDC) opened higher 3.03% from the last session, before settling in for the closing price of $60.77. Price fluctuations for WDC have ranged from $35.62 to $81.55 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -3.14%. Company’s average yearly earnings per share was noted 4027.78% at the time writing. With a float of $338.06 million, this company’s outstanding shares have now reached $343.00 million.
Let’s determine the extent of company efficiency that accounts for 51000 employees. In terms of profitability, gross margin is 25.69%, operating margin of 3.75%, and the pretax margin is -2.85%.
Western Digital Corp. (WDC) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Computer Hardware industry is another important factor to consider. The insider ownership of Western Digital Corp. is 1.57%, while institutional ownership is 97.74%. The most recent insider transaction that took place on Sep 04 ’24, was worth 134,391. In this transaction SVP & Princ. Acctg Officer of this company sold 2,169 shares at a rate of $61.96, taking the stock ownership to the 32,601 shares. Before that another transaction happened on Sep 04 ’24, when Company’s Officer proposed sale 2,169 for $61.96, making the entire transaction worth $134,391.
Western Digital Corp. (WDC) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -1.76 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -1.9) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4027.78% per share during the next fiscal year.
Western Digital Corp. (NASDAQ: WDC) Trading Performance Indicators
Check out the current performance indicators for Western Digital Corp. (WDC). In the past quarter, the stock posted a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.88, a number that is poised to hit 1.71 in the next quarter and is forecasted to reach 9.18 in one year’s time.
Technical Analysis of Western Digital Corp. (WDC)
Looking closely at Western Digital Corp. (NASDAQ: WDC), its last 5-days average volume was 4.04 million, which is a drop from its year-to-date volume of 6.4 million. As of the previous 9 days, the stock’s Stochastic %D was 30.72%. Additionally, its Average True Range was 2.32.
During the past 100 days, Western Digital Corp.’s (WDC) raw stochastic average was set at 34.19%, which indicates a significant decrease from 45.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.14% in the past 14 days, which was lower than the 41.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.31, while its 200-day Moving Average is $63.89. However, in the short run, Western Digital Corp.’s stock first resistance to watch stands at $63.13. Second resistance stands at $63.64. The third major resistance level sits at $64.50. If the price goes on to break the first support level at $61.75, it is likely to go to the next support level at $60.89. Now, if the price goes above the second support level, the third support stands at $60.38.
Western Digital Corp. (NASDAQ: WDC) Key Stats
There are currently 326,525K shares outstanding in the company with a market cap of 21.50 billion. Presently, the company’s annual sales total 13,003 M according to its annual income of -798,000 K. Last quarter, the company’s sales amounted to 3,764 M and its income totaled 39,000 K.
