Western Digital Corp (NASDAQ: WDC) on Monday, soared 2.83% from the previous trading day, before settling in for the closing price of $62.80. Within the past 52 weeks, WDC’s price has moved between $45.23 and $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%. The company achieved an average annual earnings per share of 3903.82%. With a float of $344.17 million, this company’s outstanding shares have now reached $345.71 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) Insider Activity
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of Western Digital Corp is 0.44%, while institutional ownership is 94.89%. 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) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.69 earnings per share (EPS) for the period topping the consensus outlook (set at -1.1) by 0.41. 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 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
Western Digital Corp (WDC) is currently performing well based on its current performance indicators. A quick ratio of 0.91 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.55.
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 6.07 million, its volume of 4.75 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 13.86%. Additionally, its Average True Range was 2.10.
During the past 100 days, Western Digital Corp’s (WDC) raw stochastic average was set at 42.77%, which indicates a significant increase from 25.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.80% in the past 14 days, which was lower than the 42.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.34, while its 200-day Moving Average is $67.58. Nevertheless, the first resistance level for the watch stands at $65.31 in the near term. At $66.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $67.40. If the price goes on to break the first support level at $63.22, it is likely to go to the next support level at $61.86. Should the price break the second support level, the third support level stands at $61.13.
Western Digital Corp (NASDAQ: WDC) Key Stats
Market capitalization of the company is 22.18 billion based on 345,708K outstanding shares. Right now, sales total 13,003 M and income totals -798,000 K. The company made 4,095 M in profit during its latest quarter, and 493,000 K in sales during its previous quarter.
