A new trading day began on Monday, with Western Digital Corp. (NASDAQ: WDC) stock price down -1.63% from the previous day of trading, before settling in for the closing price of $69.42. WDC’s price has ranged from $35.62 to $81.55 over the past 52 weeks.
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A company in the Technology sector has dropped its sales by -3.14% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 4016.93%. With a float of $338.33 million, this company’s outstanding shares have now reached $343.00 million.
In an organization with 51000 employees, it is important to assess its efficiency.
Western Digital Corp. (WDC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Computer Hardware Industry. The insider ownership of Western Digital Corp. is 1.49%, while institutional ownership is 97.76%. The most recent insider transaction that took place on Sep 26 ’24, was worth 5,274,000. In this transaction Chief Executive Officer of this company sold 75,000 shares at a rate of $70.32, taking the stock ownership to the 896,630 shares. Before that another transaction happened on Sep 26 ’24, when Company’s Officer proposed sale 75,000 for $70.32, making the entire transaction worth $5,274,000.
Western Digital Corp. (WDC) Latest Financial update
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According to the Wall Street analysts, stocks earnings will be around 4016.93% per share during the next fiscal year.
Western Digital Corp. (NASDAQ: WDC) Trading Performance Indicators
Here are Western Digital Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.80.
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 9.15 in one year’s time.
Technical Analysis of Western Digital Corp. (WDC)
Let’s dig in a bit further. During the last 5-days, its volume was 5.74 million. That was inferior than the volume of 6.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 72.60%. Additionally, its Average True Range was 2.19.
During the past 100 days, Western Digital Corp.’s (WDC) raw stochastic average was set at 53.93%, which indicates a significant decrease from 70.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.26% in the past 14 days, which was lower than the 42.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $64.15, while its 200-day Moving Average is $65.27. However, in the short run, Western Digital Corp.’s stock first resistance to watch stands at $69.24. Second resistance stands at $70.19. The third major resistance level sits at $70.82. If the price goes on to break the first support level at $67.66, it is likely to go to the next support level at $67.03. The third support level lies at $66.08 if the price breaches the second support level.
Western Digital Corp. (NASDAQ: WDC) Key Stats
With a market capitalization of 23.45 billion, the company has a total of 326,525K Shares Outstanding. Currently, annual sales are 13,003 M while annual income is -798,000 K. The company’s previous quarter sales were 3,764 M while its latest quarter income was 39,000 K.
