Stocks of Western Digital Corp. (NASDAQ:WDC) traded higher last session on Wall Street, up 3.64% to $73.11.
WDC stock price is now 20.40% away from the 50-day moving average and 50.66% away from the 200-day moving average. The market capitalization of the company currently stands at $23.82B.
With the price target enhanced from $65 to $115, Rosenblatt Upgraded its rating from Neutral to Buy for Western Digital Corp. (NASDAQ: WDC). On March 27, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $80, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Alexy Kimberly, Director sold 2,648 shares of the company’s stock on Apr 01 ’24. The stock was sold for $185,228 at an average price of $69.95. Upon completion of the transaction, the Director now directly owns 20,509 shares in the company, valued at $1.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, SVP & Princ. Acctg Officer Zamiska Gene M. sold 10,768 shares of the business’s stock. A total of $660,223 was realized by selling the stock at an average price of $61.31. This leaves the insider owning 31,401 shares of the company worth $2.3 million. A total of 1.57% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp. has had a low of $31.97 and a high of $74.86. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.67, and a quick ratio of 0.98. The fifty day moving average price for WDC is $61.02 and a two-hundred day moving average price translates $48.70 for the stock.
The latest earnings results from Western Digital Corp. (NASDAQ: WDC) was released for Oct, 2021. According to the Computer Hardware Company, earnings per share came in at -$0.69, beating analysts’ expectations of -$1.13 by 0.44. This compares to -$1.42 EPS in the same period last year. The net profit margin was -20.54% and return on equity was -20.37% for WDC. The company reported revenue of $3.03 billion for the quarter, compared to $3.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.41 percent. For the current quarter, analysts expect WDC to generate $3.33B in revenue.
