The price of Western Digital Corp. (NASDAQ:WDC) shares last traded on Wall Street rose 1.52% to $76.62.
WDC stock price is now 4.06% away from the 50-day moving average and 32.27% away from the 200-day moving average. The market capitalization of the company currently stands at $25.02B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $2.26 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 $11.08 million. A total of 1.88% 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 $73.739 and a two-hundred day moving average price translates $58.0941 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.
