The stock of Western Digital Corp (NASDAQ:WDC) last traded at $44.53, up 5.95% from the previous session.
WDC stock price is now -7.81% away from the 50-day moving average and -12.27% away from the 200-day moving average. The market capitalization of the company currently stands at $15.49B.
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 456 shares of the company’s stock on Mar 12 ’25. The stock was sold for $19,777 at an average price of $43.37. Upon completion of the transaction, the SVP & Princ. Acctg Officer now directly owns 43,320 shares in the company, valued at $1.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’25, Officer GENE M ZAMISKA bought 456 shares of the business’s stock. A total of $19,777 was incurred on buying the stock at an average price of $43.37. A total of 0.88% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp has had a low of $39.42 and a high of $61.62. 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 fifty day moving average price for WDC is $48.315075 and a two-hundred day moving average price translates $50.772003 for the stock.
The latest earnings results from Western Digital Corp (NASDAQ: WDC) was released for 2021-10-01. 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.
