Western Digital Corp (NASDAQ:WDC) shares, rose in value, with the stock price down by -0.27% to the previous day’s close as strong demand from buyers drove the stock to $52.41.
Actively observing the price movement in the recent trading, the stock is buoying the session at $52.55. The PE ratio was 9.96 over 12-month period. Referring to stock’s 52-week performance, its high was $61.62, and the low was $28.83. On the whole, WDC has fluctuated by 19.49% over the past month.
With the market capitalization of Western Digital Corp currently standing at about $18.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.00, with its dividend yield at 0.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.37B, with a low estimate of 2.41B and a high estimate of 2.5B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.45B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WDC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of WDC currently trading nearly 7.93% and 22.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.71, while the 7-day volatility ratio is showing 1.29% which for the 30-day chart, stands at 1.88%. Furthermore, Western Digital Corp (WDC)’s beta value is 1.50, and its average true range (ATR) is 1.60.
A comparison of Western Digital Corp (WDC) with its peers suggests the former has fared considerably weaker in the market. WDC showed an intraday change of -0.27% in today’s session so far, and over the past year, it shrunk by -8.90%%.
Data on historical trading for Western Digital Corp (NASDAQ:WDC) indicates that the trading volumes over the past 3 months, they’ve averaged 8.18 million. According to company’s latest data on outstanding shares, there are 349.00 million shares outstanding.
Nearly 0.98% of Western Digital Corp’s shares belong to company insiders and institutional investors own 103.32% of the company’s shares. The stock has risen by 16.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WDC stock heading into the next quarter.
