On Friday, Western Digital Corp. (NASDAQ: WDC) was 4.72% up from the session before settling in for the closing price of $66.32. A 52-week range for WDC has been $35.62 – $81.55.
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During the last 5-year period, the sales drop of Technology Sector giant was -3.14%. When this article was written, the company’s average yearly earnings per share was at 3839.02%. With a float of $340.77 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 33.4%, operating margin of 12.73%, and the pretax margin is 6.55%.
Western Digital Corp. (WDC) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Western Digital Corp. stocks. The insider ownership of Western Digital Corp. is 1.42%, while institutional ownership is 96.92%. The most recent insider transaction that took place on Oct 25 ’24, was worth 5,443,875. Before that another transaction happened on Sep 26 ’24, when Company’s Chief Executive Officer sold 75,000 for $70.32, making the entire transaction worth $5,274,000. This insider now owns 896,630 shares in total.
Western Digital Corp. (WDC) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.69 earnings per share (EPS) during the time that was better than consensus figure (set at -1.13) by 0.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3839.02% 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
You can see what Western Digital Corp. (WDC) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.64, a number that is poised to hit 1.91 in the next quarter and is forecasted to reach 9.16 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 8.66 million, which is a jump from its year-to-date volume of 6.18 million. As of the previous 9 days, the stock’s Stochastic %D was 42.61%. Additionally, its Average True Range was 2.22.
During the past 100 days, Western Digital Corp.’s (WDC) raw stochastic average was set at 57.96%, which indicates a significant decrease from 59.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.95% in the past 14 days, which was lower than the 42.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $65.39, while its 200-day Moving Average is $66.75. However, in the short run, Western Digital Corp.’s stock first resistance to watch stands at $72.19. Second resistance stands at $74.94. The third major resistance level sits at $76.37. If the price goes on to break the first support level at $68.01, it is likely to go to the next support level at $66.58. Should the price break the second support level, the third support level stands at $63.83.
Western Digital Corp. (NASDAQ: WDC) Key Stats
There are 326,525K outstanding shares of the company, which has a market capitalization of 24.01 billion. As of now, sales total 13,003 M while income totals -798,000 K. Its latest quarter income was 4,095 M while its last quarter net income were 493,000 K.
