The price of Western Digital Corp. (NASDAQ:WDC) shares last traded on Wall Street fell -3.32% to $66.05.
WDC stock price is now 4.22% away from the 50-day moving average and 31.57% away from the 200-day moving average. The market capitalization of the company currently stands at $21.54B.
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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, Zamiska Gene M., SVP & Princ. Acctg Officer sold 443 shares of the company’s stock on Apr 08 ’24. The stock was sold for $33,225 at an average price of $75.00. Upon completion of the transaction, the SVP & Princ. Acctg Officer now directly owns 30,958 shares in the company, valued at $2.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Director Alexy Kimberly sold 2,648 shares of the business’s stock. A total of $185,228 was realized by selling the stock at an average price of $69.95. This leaves the insider owning 20,509 shares of the company worth $1.35 million. A total of 1.38% 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 $76.92. 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 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.
