A new trading day began on Friday, with Western Digital Corp (NASDAQ: WDC) stock price down -1.32% from the previous day of trading, before settling in for the closing price of $65.99. WDC’s price has ranged from $48.96 to $81.55 over the past 52 weeks.
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Technology Sector giant saw their annual sales slid by -3.14% over the last five years. Meanwhile, its annual earnings per share averaged 3794.81%. With a float of $344.01 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Computer Hardware Industry. The insider ownership of Western Digital Corp is 0.49%, while institutional ownership is 94.94%. 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
According to the Wall Street analysts, stocks earnings will be around 3794.81% 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
Here are Western Digital Corp’s current performance indicators. According to the last quarter’s results, the 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 1.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.64, a number that is poised to hit 1.90 in the next quarter and is forecasted to reach 9.11 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 5.38 million was lower than the volume posted last year of 6.02 million. As of the previous 9 days, the stock’s Stochastic %D was 14.28%. Additionally, its Average True Range was 2.34.
During the past 100 days, Western Digital Corp’s (WDC) raw stochastic average was set at 57.87%, which indicates a significant increase from 4.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.00% in the past 14 days, which was higher than the 42.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.56, while its 200-day Moving Average is $68.74. Now, the first resistance to watch is $66.03. This is followed by the second major resistance level at $66.93. The third major resistance level sits at $67.60. If the price goes on to break the first support level at $64.46, it is likely to go to the next support level at $63.79. Should the price break the second support level, the third support level stands at $62.89.
Western Digital Corp (NASDAQ: WDC) Key Stats
With a market capitalization of 22.22 billion, the company has a total of 345,708K Shares Outstanding. Currently, annual sales are 13,003 M while annual income is -798,000 K. The company’s previous quarter sales were 4,095 M while its latest quarter income was 493,000 K.
