Western Digital Corp (NASDAQ:WDC) has a beta value of 1.44 and has seen 5.07 million shares traded in the last trading session. The company, currently valued at $12.76B, closed the last trade at $36.68 per share which meant it gained $0.72 on the day or 2.00% during that session. The WDC stock price is -67.99% off its 52-week high price of $61.62 and 21.4% above the 52-week low of $28.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.41 million shares traded. The 3-month trading volume is 9.68 million shares.
The consensus among analysts is that Western Digital Corp (WDC) is Buy stock at the moment, with a recommendation rating of 1.58. 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 1.11.
Western Digital Corp (NASDAQ:WDC) trade information
Sporting 2.00% in the green in last session, 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 $36.68 or saw a rise of 0.86%. Year-to-date, Western Digital Corp shares have moved -18.59%, while the 5-day performance has seen it change 2.40%. Over the past 30 days, the shares of Western Digital Corp (NASDAQ:WDC) have changed -15.99%. Short interest in the company has seen 32.21 million shares shorted with days to cover at 4.24.
Wall Street analysts have a consensus price target for the stock at $73.5, which means that the shares’ value could jump 50.1% from current levels. The projected low price target is $65.0 while the price target rests at a high of $82.0. In that case, then, we find that the current price level is -123.56% off the targeted high while a plunge would see the stock gain -77.21% from current levels.
Western Digital Corp (WDC) estimates and forecasts
The company’s shares have lost -27.92% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -25.24%.
12 analysts offering their estimates for the company have set an average revenue estimate of 2.5B for the current quarter. 12 have an estimated revenue figure of 2.35B for the next ending quarter. Year-ago sales stood 3.46B and 3.76B respectively for this quarter and the next, and analysts expect sales will shrink by -27.58% for the current quarter and -25.24% for the next.
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.
WDC Dividends
Western Digital Corp is expected to release its next earnings report on 2025-Jan-28 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 0.71% of the company shares, while shares held by institutions stand at 98.72% with a share float percentage of 99.43%. Investors are also buoyed by the number of investors in a company, with Western Digital Corp having a total of 1032.0 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 11.6601% 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 8.434% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios-Semiconductors Portfolio . As of Dec 31, 2024 , the former fund manager holds about 3.11% shares in the company for having 10.8 shares of worth $396.24 million while later fund manager owns 10.0 shares of worth $366.81 million as of Feb 28, 2025 , which makes it owner of about 2.88% of company’s outstanding stock.
