On Tuesday, Western Digital Corp. (NASDAQ: WDC) opened higher 0.74% from the last session, before settling in for the closing price of $67.26. Price fluctuations for WDC have ranged from $35.62 to $81.55 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -3.14%. Company’s average yearly earnings per share was noted 3926.11% at the time writing. With a float of $340.70 million, this company’s outstanding shares have now reached $343.00 million.
Considering the fact that the conglomerate employs 51000 people, you should pay attention to its efficiency factor. 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) Insider Activity
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 1.44%, while institutional ownership is 96.92%. 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) Earnings and Forecasts
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 1.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3926.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -10.00% during the next five years compared to -0.24% drop over the previous five years of trading.
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 1.80.
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 9.01 in one year’s time.
Technical Analysis of Western Digital Corp. (WDC)
Compared to the last year’s volume of 6.11 million, its volume of 4.48 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.78%. Additionally, its Average True Range was 1.88.
During the past 100 days, Western Digital Corp.’s (WDC) raw stochastic average was set at 52.08%, which indicates a significant decrease from 78.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.21% in the past 14 days, which was lower than the 41.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $65.08, while its 200-day Moving Average is $66.49. Nevertheless, the first resistance level for the watch stands at $68.63 in the near term. At $69.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $70.84. If the price goes on to break the first support level at $66.42, it is likely to go to the next support level at $65.09. Should the price break the second support level, the third support level stands at $64.21.
Western Digital Corp. (NASDAQ: WDC) Key Stats
There are currently 326,525K shares outstanding in the company with a market cap of 23.42 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.
