Stocks of Western Digital Corp. (NASDAQ:WDC) traded higher last session on Wall Street, up 4.06% to $65.59.
WDC stock price is now -4.79% away from the 50-day moving average and 3.47% away from the 200-day moving average. The market capitalization of the company currently stands at $22.53B.
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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, Zamiska Gene M., SVP & Princ. Acctg Officer sold 315 shares of the company’s stock on Aug 29 ’24. The stock was sold for $19,946 at an average price of $63.32. Upon completion of the transaction, the SVP & Princ. Acctg Officer now directly owns 35,915 shares in the company, valued at $2.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29 ’24, Officer GENE M ZAMISKA bought 315 shares of the business’s stock. A total of $19,946 was incurred on buying the stock at an average price of $63.32. A total of 1.62% 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 0.74, a current ratio of 1.32, and a quick ratio of 0.78. The fifty day moving average price for WDC is $68.6762 and a two-hundred day moving average price translates $63.49145 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 -4.68% for WDC. The company reported revenue of $3.76 billion for the quarter, compared to $2.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.87 percent.
