The stock of Western Digital Corp (NASDAQ:WDC) last traded at $71.29, down -0.29% from the previous session.
WDC stock price is now 9.24% away from the 50-day moving average and 4.55% away from the 200-day moving average. The market capitalization of the company currently stands at $24.80B.
On September 13, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $95 to quote $80, while ‘Summit Insights’ rates the stock as ‘Hold’
In other news, Zamiska Gene M., SVP & Princ. Acctg Officer sold 313 shares of the company’s stock on Nov 29 ’24. The stock was sold for $22,733 at an average price of $72.63. Upon completion of the transaction, the SVP & Princ. Acctg Officer now directly owns 28,383 shares in the company, valued at $2.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Officer GENE M ZAMISKA bought 313 shares of the business’s stock. A total of $22,733 was incurred on buying the stock at an average price of $72.63. A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp has had a low of $52.77 and a high of $81.55. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.99, and a quick ratio of 1.26.
The net profit margin was 9.50% and return on equity was 13.99% for WDC. The company reported revenue of $4.29 billion for the quarter, compared to $3.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.33 percent.
