In yesterday’s Wall Street session, Western Digital Corp. (NASDAQ:WDC) shares traded at $67.79, up 1.25% from the previous session.
WDC stock price is now 5.28% away from the 50-day moving average and 2.49% away from the 200-day moving average. The market capitalization of the company currently stands at $23.43B.
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With the price target reduced from $95 to $80, TD Cowen maintained Buy rating for Western Digital Corp. (NASDAQ: WDC). , while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Goeckeler David, Chief Executive Officer sold 75,000 shares of the company’s stock on Sep 26 ’24. The stock was sold for $5,274,000 at an average price of $70.32. Upon completion of the transaction, the Chief Executive Officer now directly owns 896,630 shares in the company, valued at $60.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26 ’24, Officer DAVID GOECKELER bought 75,000 shares of the business’s stock. A total of $5,274,000 was incurred on buying the stock at an average price of $70.32. A total of 1.42% 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 $64.185 and a two-hundred day moving average price translates $66.06795 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.
