In recent trading session, Western Digital Corp. (NASDAQ:WDC) saw 3.24 million shares changing hands at last check today with its beta currently measuring 1.38. Company’s recent per share price level of $70.08 trading at $4.08 or 6.18% at last check today assigns it a market valuation of $24.07B. That most recent trading price of WDC’s stock is at a discount of -16.37% from its 52-week high price of $81.55 and is indicating a premium of 49.17% from its 52-week low price of $35.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.75 million shares which gives us an average trading volume of 5.73 million if we extend that period to 3-months.

For Western Digital Corp. (WDC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.63. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.71 in the current quarter.

Western Digital Corp. (NASDAQ:WDC) trade information

Upright in the green today for gaining 6.18%, in the last five days WDC remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $70.08 price level, adding 1.28% to its value on the day. Western Digital Corp.’s shares saw a change of 33.82% in year-to-date performance and have moved 6.23% in past 5-day. Western Digital Corp. (NASDAQ:WDC) showed a performance of 11.50% in past 30-days. Number of shares sold short was 18.41 million shares which calculate 4.34 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 76.5 to the stock, which implies a rise of 8.39% to its recent value today. Analysts have been projecting 60 as a low price target for the stock while placing it at a high target of 115. It follows that stock’s current price would jump 14.38% in reaching the projected high whereas dropping to the targeted low would mean a gain of 14.38% for stock’s current value.

Western Digital Corp. (WDC) estimates and forecasts

Statistics highlight that Western Digital Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 3.61% of value to its shares in past 6 months, showing an annual growth rate of 4,275.00% while that of industry is 27.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 33.10% from the last financial year’s standing.

20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.12B for the same. And 20 analysts are in estimates of company making revenue of 4.36B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.24% during past 5 years.

Western Digital Corp. (NASDAQ:WDC)’s Major holders

Insiders are in possession of 0.36% of company’s total shares while institution are holding 100.72 percent of that, with stock having share float percentage of 101.08%. Investors also watch the number of corporate investors in a company very closely, which is 100.72% institutions for Western Digital Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at WDC for having 38.83 million shares of worth $2.94 billion. And as of 2024-06-30, it was holding 11.9105 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 28.09 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.6151 of outstanding shares, having a total worth of $2.13 billion.