Western Digital Corp. (NASDAQ:WDC) has a beta value of 1.39 and has seen 1.25 million shares traded in the recent trading session. The company, currently valued at $23.18B, closed the recent trade at $67.07 per share which meant it gained $0.24 on the day or 0.36% during that session. The WDC stock price is -21.59% off its 52-week high price of $81.55 and 46.89% above the 52-week low of $35.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.94 million shares traded. The 3-month trading volume is 5.81 million shares.
The consensus among analysts is that Western Digital Corp. (WDC) is Buy stock at the moment, with a recommendation rating of 1.63. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 19 have rated it as a Hold, with 16 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.71.
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Western Digital Corp. (NASDAQ:WDC) trade information
Sporting 0.36% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WDC stock price touched $67.07 or saw a rise of 2.4%. Year-to-date, Western Digital Corp. shares have moved 28.07%, while the 5-day performance has seen it change 1.36%. Over the past 30 days, the shares of Western Digital Corp. (NASDAQ:WDC) have changed 4.65%. Short interest in the company has seen 19.54 million shares shorted with days to cover at 4.13.
Wall Street analysts have a consensus price target for the stock at $76.5, which means that the shares’ value could jump 12.33% from the levels at last check today. The projected low price target is $60.0 while the price target rests at a high of $115.0. In that case, then, we find that the latest price level in today’s session is -71.46% off the targeted high while a plunge would see the stock lose 10.54% from the levels at last check today.
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 lost -5.61% over the past 6 months, with this year growth rate of 4,275.00%, compared to 27.00% for the industry. Revenue growth from the last financial year stood is estimated to be 32.80%.
20 analysts offering their estimates for the company have set an average revenue estimate of 4.12B for the current quarter. 20 have an estimated revenue figure of 4.34B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.24% over the past 5 years. Earnings growth for 2024 is a modest 3963.61% while over the next 5 years, the company’s earnings are expected to decrease by -10.00%.
WDC Dividends
Western Digital Corp. is expected to release its next earnings report on 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Western Digital Corp. (NASDAQ:WDC)’s Major holders
Insiders own 0.35% of the company shares, while shares held by institutions stand at 99.61% with a share float percentage of 99.95%. Investors are also buoyed by the number of investors in a company, with Western Digital Corp. having a total of 1083.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 38.83 million shares worth more than $2.94 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.9105% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 28.09 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.13 billion and represent 8.6151% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 30, 2024, the former fund manager holds about 2.98% shares in the company for having 10.29 shares of worth $698.95 million while later fund manager owns 8.38 shares of worth $569.31 million as of Jun 30, 2024, which makes it owner of about 2.42% of company’s outstanding stock.
