Western Digital Corp (NASDAQ: WDC) kicked off on Friday, up 0.87% from the previous trading day, before settling in for the closing price of $65.31. Over the past 52 weeks, WDC has traded in a range of $39.76-$81.55.
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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%. While this was happening, its average annual earnings per share was recorded 3903.82%. With a float of $340.88 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 33.4%, operating margin of 12.73%, and the pretax margin is 6.55%.
Western Digital Corp (WDC) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Computer Hardware Industry. The insider ownership of Western Digital Corp is 1.42%, while institutional ownership is 97.02%. The most recent insider transaction that took place on Oct 29 ’24, was worth 2,092,519. In this transaction EVP & GM, Flash Business of this company sold 30,767 shares at a rate of $68.01, taking the stock ownership to the 135,398 shares. Before that another transaction happened on Oct 29 ’24, when Company’s Officer proposed sale 30,767 for $68.01, making the entire transaction worth $2,092,520.
Western Digital Corp (WDC) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.69 earnings per share (EPS), higher than consensus estimate (set at -1.13) by 0.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.77 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3903.82% 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
Take a look at Western Digital Corp’s (WDC) current performance indicators. Last quarter, stock had a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.60.
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 9.25 in one year’s time.
Technical Analysis of Western Digital Corp (WDC)
Compared to the last year’s volume of 6.16 million, its volume of 5.45 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.47%. Additionally, its Average True Range was 2.24.
During the past 100 days, Western Digital Corp’s (WDC) raw stochastic average was set at 45.55%, which indicates a significant increase from 10.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.64% in the past 14 days, which was lower than the 41.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $65.66, while its 200-day Moving Average is $67.13. Nevertheless, the first resistance level for the watch stands at $66.79 in the near term. At $67.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $68.30. If the price goes on to break the first support level at $65.28, it is likely to go to the next support level at $64.69. Now, if the price goes above the second support level, the third support stands at $63.77.
Western Digital Corp (NASDAQ: WDC) Key Stats
The company with the Market Capitalisation of 22.97 billion has total of 345,674K Shares Outstanding. Its annual sales at the moment are 13,003 M in contrast with the sum of -798,000 K annual income. Company’s last quarter sales were recorded 4,095 M and last quarter income was 493,000 K.
