Stocks of Western Digital Corp. (NASDAQ:WDC) traded higher last session on Wall Street, up 1.45% to $46.91.
According to the data, Western Digital Corp. (NASDAQ:WDC) has 25 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $42.00, we find $50.00. Given the previous closing price of $46.24, this indicates a potential upside of 8.13 percent. WDC stock price is now 6.13% away from the 50-day moving average and 17.31% away from the 200-day moving average. The market capitalization of the company currently stands at $15.21B.
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A total of 10 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $51.15 as their price target over the next twelve months.
With the price target enhanced from $31 to $48, Goldman Upgraded its rating from Sell to Neutral for Western Digital Corp. (NASDAQ: WDC).
In other news, SODERBERY ROBERT, EVP & GM, Flash Business sold 45,461 shares of the company’s stock on Nov 03. The stock was sold for $1,959,896 at an average price of $43.11. Upon completion of the transaction, the EVP & GM, Flash Business now directly owns 175,697 shares in the company, valued at $8.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, EVP & GM, Flash Business SODERBERY ROBERT sold 20,000 shares of the business’s stock. A total of $849,756 was realized by selling the stock at an average price of $42.49. This leaves the insider owning 221,158 shares of the company worth $10.37 million. Insiders disposed of 489,859 shares of company stock worth roughly $22.98 million over the past 1 year. A total of 0.54% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $46.41 for Western Digital Corp. (NASDAQ: WDC). During the past 12 months, Western Digital Corp. has had a low of $29.73 and a high of $47.42. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 1.31, and a quick ratio of 0.70. The fifty day moving average price for WDC is $44.20 and a two-hundred day moving average price translates $39.99 for the stock.
The latest earnings results from Western Digital Corp. (NASDAQ: WDC) was released for Sep, 2021. According to the Computer Hardware Company, earnings per share came in at -$1.76, beating analysts’ expectations of -$1.9 by 0.14. This compares to $0.08 EPS in the same period last year. The net profit margin was -21.68% and return on equity was -21.76% for WDC. The company reported revenue of $2.75 billion for the quarter, compared to $3.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.39 percent. For the current quarter, analysts expect WDC to generate $2.98B in revenue.
