In the last trading session, 8.33 million shares of the Western Digital Corp (NASDAQ:WDC) were traded, and its beta was 1.58. Most recently the company’s share price was $64.02, and it changed around -$1.19 or -1.83% from the last close, which brings the market valuation of the company to $22.34B. WDC currently trades at a discount to its 52-week high of $66.83, offering almost -4.39% off that amount. The share price’s 52-week low was $28.83, which indicates that the current value has risen by an impressive 54.97% since then. We note from Western Digital Corp’s average daily trading volume that its 10-day average is 6.14 million shares, with the 3-month average coming to 7.22 million.
Western Digital Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.46. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 4 recommended WDC as a Hold, whereas 15 deemed it a Buy, and 1 rated it as Underweight.
Western Digital Corp (NASDAQ:WDC) trade information
Instantly WDC has showed a red trend with a performance of -1.83% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 66.83 on recent trading dayincreased the stock’s daily price by 4.2%. The company’s shares are currently up 8.91% year-to-date, but still up 0.05% over the last five days. On the other hand, Western Digital Corp (NASDAQ:WDC) is 16.29% up in the 30-day period. We can see from the shorts that 34.61 million shares have been sold at a short interest cover period of 5.38 day(s).
The consensus price target as assigned by Wall Street analysts is $57.5, which translates to bulls needing to decrease their stock price by -11.34% from its current value. Analyst projections state that WDC is forecast to be at a low of $50 and a high of $65.
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-Apr-30. The annual dividend yield of the stock is 0.16 percent and its annual dividend per share was 0.10. It is important to note, however, that the 0.16% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. 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 0.75% of Western Digital Corp shares, and 104.36% of them are in the hands of institutional investors. The stock currently has a share float of 105.14%. Western Digital Corp stock is held by 989.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.6601% 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.
