On Monday, Western Digital Corp (NASDAQ: WDC) was -1.78% drop from the session before settling in for the closing price of $60.70. A 52-week range for WDC has been $48.96 – $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%. When this article was written, the company’s average yearly earnings per share was at 3737.41%. With a float of $344.01 million, this company’s outstanding shares have now reached $346.00 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) 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 0.49%, while institutional ownership is 94.99%. 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 3737.41% 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 1.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.64, a number that is poised to hit 1.88 in the next quarter and is forecasted to reach 8.96 in one year’s time.
Technical Analysis of Western Digital Corp (WDC)
Compared to the last year’s volume of 6.01 million, its volume of 3.27 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 21.17%. Additionally, its Average True Range was 2.14.
During the past 100 days, Western Digital Corp’s (WDC) raw stochastic average was set at 17.90%, which indicates a significant increase from 6.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.24% in the past 14 days, which was higher than the 35.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.71, while its 200-day Moving Average is $68.67. Nevertheless, the first resistance level for the watch stands at $60.23 in the near term. At $60.84, the stock is likely to face the second major resistance level. The third major resistance level sits at $61.54. If the price goes on to break the first support level at $58.92, it is likely to go to the next support level at $58.21. Should the price break the second support level, the third support level stands at $57.60.
Western Digital Corp (NASDAQ: WDC) Key Stats
There are 345,708K outstanding shares of the company, which has a market capitalization of 20.61 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.
