Stocks of Western Digital Corp (NASDAQ:WDC) traded higher last session on Wall Street, up 0.31% to $35.93.
WDC stock price is now -18.55% away from the 50-day moving average and -26.22% away from the 200-day moving average. The market capitalization of the company currently stands at $12.50B.
With the price target maintained at $55, The Benchmark Company recently Upgraded its rating from Hold to Buy for Western Digital Corp (NASDAQ: WDC). , while ‘TD Cowen’ rates the stock as ‘Buy’
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 $1.56 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 0.92% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp has had a low of $28.83 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 $44.117405 and a two-hundred day moving average price translates $48.708866 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.
