Now Is A Good Time To Buy Western Digital Corp. (NASDAQ: WDC)

During the recent session, Western Digital Corp. (NASDAQ:WDC)’s traded shares were 3.95 million, with the beta value of the company hitting 1.53. At the last check today, the stock’s price was $69.79, reflecting an intraday gain of 0.51% or $0.35. The 52-week high for the WDC share is $76.92, that puts it down -10.22 from that peak though still a striking 54.13% gain since the share price plummeted to a 52-week low of $32.01. The company’s market capitalization is $22.76B, and the average trade volume was 6.91 million shares over the past three months.

Western Digital Corp. (NASDAQ:WDC) trade information

Western Digital Corp. (WDC) registered a 0.51% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.51% in intraday trading to $69.79, hitting a weekly high. The stock’s 5-day price performance is 5.67%, and it has moved by 3.18% in 30 days. Based on these gigs, the overall price performance for the year is 113.56%.

Western Digital Corp. (WDC) estimates and forecasts

Statistics show that Western Digital Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Western Digital Corp. (WDC) shares have gone up 65.46% during the last six months, with a year-to-date growth rate more than the industry average at 61.56% against 25.30. In the rating firms’ projections, revenue will increase 4.20% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.7B as predicted by 18 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 4.09B by the end of current fiscal year. While earnings are projected to return 69.49% in 2024.

WDC Dividends

Western Digital Corp. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.