In today’s recent session, 0.95 million shares of the Western Digital Corp (NASDAQ:WDC) have been traded, and its beta is 1.47. Most recently the company’s share price was $36.09, and it changed around $0.27 or 0.75% from the last close, which brings the market valuation of the company to $12.55B. WDC at last check was trading at a discount to its 52-week high of $61.62, offering almost -70.74% off that amount. The share price’s 52-week low was $28.83, which indicates that the recent value has risen by an impressive 20.12% since then. We note from Western Digital Corp’s average daily trading volume that its 10-day average is 14.06 million shares, with the 3-month average coming to 9.76 million.
Western Digital Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.58. If we narrow it down even further, the data shows that 0 out of 26 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 8 recommended WDC as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight. Western Digital Corp is expected to report earnings per share of 1.14 for the current quarter.
Western Digital Corp (NASDAQ:WDC) trade information
Instantly WDC has been showing a green trend so far today with a performance of 0.75% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 37.37 on recent trading dayincreased the stock’s daily price by 3.43%. The company’s shares are currently down -19.90% year-to-date, but still up 14.39% over the last five days. On the other hand, Western Digital Corp (NASDAQ:WDC) is -19.35% down in the 30-day period. We can see from the shorts that 32.21 million shares have been sold at a short interest cover period of 4.24 day(s).
The consensus price target as assigned by Wall Street analysts is $73.5, which translates to bulls needing to increase their stock price by 50.9% from its current value. Analyst projections state that WDC is forecast to be at a low of $65 and a high of $82.
Western Digital Corp (WDC) estimates and forecasts
The year-over-year growth rate is expected to be -28.08%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 2.64B in revenue for the current quarter. 10 analysts expect Western Digital Corp to make 2.35B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.46B and 3.76B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -23.54%. Forecasts for the next quarter put sales growth at -37.44%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.24%.
WDC Dividends
Western Digital Corp’s next quarterly earnings report is expected to be released on 2025-Jan-28. The average dividend yield for the past five years averaged 3.23 per year.
Western Digital Corp (NASDAQ:WDC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.71% of Western Digital Corp shares, and 98.72% of them are in the hands of institutional investors. The stock currently has a share float of 99.43%. Western Digital Corp stock is held by 1039.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.9105% of the shares, which is about 38.83 million shares worth $2.94 billion.
BLACKROCK INC., with 8.434% or 28.09 million shares worth $2.13 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios-Semiconductors Portfolio were the top two Mutual Funds as of Dec 31, 2024 . The former held 10.8 shares worth $389.01 million, making up 3.11% of all outstanding shares. On the other hand, Fidelity Select Portfolios-Semiconductors Portfolio held roughly 10.0 shares worth around $360.11 million, which represents about 2.88% of the total shares outstanding.
