Stocks of Western Digital Corp. (NASDAQ:WDC) traded higher last session on Wall Street, up 2.00% to $61.58.
WDC stock price is now -14.99% away from the 50-day moving average and -0.68% away from the 200-day moving average. The market capitalization of the company currently stands at $20.11B.
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On May 14, 2024, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $90, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, SODERBERY ROBERT, Officer bought 12,154 shares of the company’s stock on Aug 05 ’24. The stock was bought for $693,859 at an average price of $57.09. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, EVP & GM, Flash Business SODERBERY ROBERT sold 12,154 shares of the business’s stock. A total of $693,860 was realized by selling the stock at an average price of $57.09. This leaves the insider owning 128,413 shares of the company worth $7.91 million. A total of 0.88% 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 0.66, a current ratio of 1.41, and a quick ratio of 0.83. The fifty day moving average price for WDC is $72.1632 and a two-hundred day moving average price translates $62.09835 for the stock.
The latest earnings results from Western Digital Corp. (NASDAQ: WDC) was released for 2021-10-01. The net profit margin was -4.47% and return on equity was -4.57% 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.
