The stock of Western Digital Corp. (NASDAQ:WDC) last traded at $68.30, down -2.02% from the previous session.
WDC stock price is now 4.17% away from the 50-day moving average and 2.04% away from the 200-day moving average. The market capitalization of the company currently stands at $23.61B.
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 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, SODERBERY ROBERT, Officer bought 30,767 shares of the company’s stock on Oct 29 ’24. The stock was bought for $2,092,520 at an average price of $68.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, SVP & Princ. Acctg Officer Zamiska Gene M. sold 1,993 shares of the business’s stock. A total of $139,390 was realized by selling the stock at an average price of $69.94. This leaves the insider owning 30,608 shares of the company worth $2.09 million. 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 $38.43 and a high of $81.55. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 1.47, and a quick ratio of 0.91. The fifty day moving average price for WDC is $65.5686 and a two-hundred day moving average price translates $66.93395 for the stock.
The latest earnings results from Western Digital Corp. (NASDAQ: WDC) was released for 2021-10-01. The net profit margin was 4.18% and return on equity was 6.17% 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.
