In the latest trading session,, 1.44 million Western Digital Corp (NASDAQ:WDC) shares changed hands as the company’s beta touched 1.44. With the company’s most recent per share price at $40.78 changing hands around $0.0 or 0.00% at last look, the market valuation stands at $14.18B. WDC’s current price is a discount, trading about -51.1% off its 52-week high of $61.62. The share price had its 52-week low at $28.83, which suggests the last value was 29.3% up since then. When we look at Western Digital Corp’s average trading volume, we note the 10-day average is 6.69 million shares, with the 3-month average coming to 9.39 million.
Analysts gave the Western Digital Corp (WDC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.58. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended WDC as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. Western Digital Corp’s EPS for the current quarter is expected to be 1.11.
Western Digital Corp (NASDAQ:WDC) trade information
The company’s shares are showing year-to-date downside of -9.49%, with the 5-day performance at 13.40% in the green. However, in the 30-day time frame, Western Digital Corp (NASDAQ:WDC) is -2.70% down. Looking at the short shares, we see there were 30.48 million shares sold at short interest cover period of 3.14 days.
The consensus price target for the stock as assigned by Wall Street analysts is 73.5, meaning bulls need an upside of 44.52% from its recent market value. According to analyst projections, WDC’s forecast low is 65 with 82 as the target high. To hit the forecast high, the stock’s price needs a -101.08% plunge from its current level, while the stock would need to soar -59.39% for it to hit the projected low.
Western Digital Corp (WDC) estimates and forecasts
Year-over-year growth is forecast to reach -27.47% down from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 2.5B. 12 analysts are of the opinion that Western Digital Corp’s revenue for the current quarter will be 2.35B. The company’s revenue for the corresponding quarters a year ago was 3.46B and 3.76B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -27.58%. The estimates for the next quarter sales put growth at -37.51%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.24%. The 2025 estimates are for Western Digital Corp earnings to increase by 3188.94%.
WDC Dividends
Western Digital Corp is expected to release its next quarterly earnings report on 2025-Jan-28. The 0.00% annual yield figure for the share gives it an annual dividend of 0.00. It is important to note, however, that the 0.00% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.23 per year.
Western Digital Corp (NASDAQ:WDC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.71% of Western Digital Corp shares while 98.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.28%. There are 98.57% institutions holding the Western Digital Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.6601% of the shares, roughly 38.83 million WDC shares worth $2.94 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.434% or 28.09 million shares worth $2.13 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios-Semiconductors Portfolio . With 10.8 shares estimated at $437.89 million under it, the former controlled 3.11% of total outstanding shares. On the other hand, Fidelity Select Portfolios-Semiconductors Portfolio held about 2.96% of the shares, roughly 10.31 shares worth around $417.75 million.
