Western Digital Corp (NASDAQ: WDC) on Monday, soared 0.60% from the previous trading day, before settling in for the closing price of $72.99. Within the past 52 weeks, WDC’s price has moved between $46.47 and $81.55.
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Technology Sector giant saw their annual sales slid by -3.14% over the last five years. The company achieved an average annual earnings per share of 3842.04%. With a float of $344.00 million, this company’s outstanding shares have now reached $346.00 million.
The firm has a total of 51000 workers. Let’s measure their productivity. 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 0.49%, while institutional ownership is 94.88%. The most recent insider transaction that took place on Nov 29 ’24, was worth 22,733. In this transaction SVP & Princ. Acctg Officer of this company sold 313 shares at a rate of $72.63, taking the stock ownership to the 28,383 shares. Before that another transaction happened on Nov 29 ’24, when Company’s Officer proposed sale 313 for $72.63, making the entire transaction worth $22,733.
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 1.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3842.04% 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 1.77.
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 9.23 in one year’s time.
Technical Analysis of Western Digital Corp (WDC)
Analysing the last 5-days average volume posted by the [Western Digital Corp, WDC], we can find that recorded value of 7.6 million was better than the volume posted last year of 6.07 million. As of the previous 9 days, the stock’s Stochastic %D was 90.64%. Additionally, its Average True Range was 2.26.
During the past 100 days, Western Digital Corp’s (WDC) raw stochastic average was set at 75.62%, which indicates a significant decrease from 95.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.36% in the past 14 days, which was lower than the 43.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.14, while its 200-day Moving Average is $68.13. Now, the first resistance to watch is $74.01. This is followed by the second major resistance level at $74.59. The third major resistance level sits at $75.26. If the price goes on to break the first support level at $72.76, it is likely to go to the next support level at $72.09. Should the price break the second support level, the third support level stands at $71.51.
Western Digital Corp (NASDAQ: WDC) Key Stats
Market capitalization of the company is 25.39 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.
