Before You Invest In Western Digital Corp. (NASDAQ:WDC), Consider This Metric

In yesterday’s Wall Street session, Western Digital Corp. (NASDAQ:WDC) shares traded at $63.25, down -0.09% from the previous session.

WDC stock price is now -5.30% away from the 50-day moving average and -1.26% away from the 200-day moving average. The market capitalization of the company currently stands at $21.72B.

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On May 14, 2024, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $90, while ‘The Benchmark Company’ rates the stock as ‘Buy’

In other news, Zamiska Gene M., SVP & Princ. Acctg Officer sold 2,169 shares of the company’s stock on Sep 04 ’24. The stock was sold for $134,391 at an average price of $61.96. Upon completion of the transaction, the SVP & Princ. Acctg Officer now directly owns 32,601 shares in the company, valued at $2.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Officer GENE M ZAMISKA bought 2,169 shares of the business’s stock. A total of $134,391 was incurred on buying the stock at an average price of $61.96. A total of 1.49% of the company’s stock is owned by insiders.

During the past 12 months, Western Digital Corp. has had a low of $35.62 and a high of $81.55. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.32, and a quick ratio of 0.78. The fifty day moving average price for WDC is $66.4968 and a two-hundred day moving average price translates $64.14005 for the stock.

The latest earnings results from Western Digital Corp. (NASDAQ: WDC) was released for 2021-10-01. The net profit margin was -4.47% and return on equity was -4.68% for WDC. The company reported revenue of $3.76 billion for the quarter, compared to $2.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.87 percent.

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