Western Digital Corp. Shares Are Down 113.25% Since The Beginning Of The Year

Western Digital Corp. (NASDAQ:WDC) has a beta value of 1.53 and has seen 9.0 million shares traded in the last trading session. The company, currently valued at $22.79B, closed the last trade at $69.86 per share which meant it lost -$1.5 on the day or -2.10% during that session. The WDC stock price is -10.11% off its 52-week high price of $76.92 and 54.18% above the 52-week low of $32.01. The 3-month trading volume is 6.82 million shares.

Western Digital Corp. (NASDAQ:WDC) trade information

Sporting -2.10% in the red in last session, the stock has traded in the green over the last five days, when the WDC stock price touched $69.86 or saw a rise of 3.56%. Year-to-date, Western Digital Corp. shares have moved 33.40%, while the 5-day performance has seen it change 4.19%. Over the past 30 days, the shares of Western Digital Corp. (NASDAQ:WDC) have changed 2.37%.

Western Digital Corp. (WDC) estimates and forecasts

Figures show that Western Digital Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 82.59% over the past 6 months, with this year growth rate of 61.56%, compared to 25.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 157.10% and 196.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.00%.

19 analysts offering their estimates for the company have set an average revenue estimate of $3.73 billion for the current quarter. 18 have an estimated revenue figure of $4.24 billion for the next quarter concluding in Sep 2024.

WDC Dividends

Western Digital Corp. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.