Stocks of Western Digital Corp. (NASDAQ:WDC) traded higher last session on Wall Street, down -4.91% to $76.29.
WDC stock price is now 4.14% away from the 50-day moving average and 33.50% away from the 200-day moving average. The market capitalization of the company currently stands at $24.91B.
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With the price target of $90, Citigroup recently initiated with Buy rating for Western Digital Corp. (NASDAQ: WDC). On April 26, 2024, The Benchmark Company Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $85, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Zamiska Gene M., SVP, Global Accounting & Chief sold 219 shares of the company’s stock on Jun 17 ’24. The stock was sold for $17,082 at an average price of $78.00. Upon completion of the transaction, the SVP, Global Accounting & Chief now directly owns 29,507 shares in the company, valued at $2.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, EVP & GM, Flash Business SODERBERY ROBERT sold 26,853 shares of the business’s stock. A total of $1,973,215 was realized by selling the stock at an average price of $73.48. This leaves the insider owning 144,623 shares of the company worth $11.03 million. A total of 1.90% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp. has had a low of $35.62 and a high of $81.55. As of last week, the company has a debt-to-equity ratio of 0.90, a current ratio of 1.86, and a quick ratio of 1.07. The fifty day moving average price for WDC is $73.3306 and a two-hundred day moving average price translates $57.29865 for the stock.
The latest earnings results from Western Digital Corp. (NASDAQ: WDC) was released for 2021-10-01. The net profit margin was -13.58% and return on equity was -14.28% for WDC. The company reported revenue of $3.46 billion for the quarter, compared to $2.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.33 percent.
