In yesterday’s Wall Street session, Western Digital Corp (NASDAQ:WDC) shares traded at $65.88, up 3.20% from the previous session.
WDC stock price is now -0.86% away from the 50-day moving average and -2.67% away from the 200-day moving average. The market capitalization of the company currently stands at $22.78B.
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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, GENE M ZAMISKA, Officer bought 376 shares of the company’s stock on Nov 21 ’24. The stock was bought for $24,241 at an average price of $64.47. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 29 ’24, EVP & GM, Flash Business SODERBERY ROBERT sold 30,767 shares of the business’s stock. A total of $2,092,519 was realized by selling the stock at an average price of $68.01. This leaves the insider owning 135,398 shares of the company worth $8.92 million. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp has had a low of $46.05 and a high of $81.55. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 1.47, and a quick ratio of 0.91. The fifty day moving average price for WDC is $66.3984 and a two-hundred day moving average price translates $67.6451 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 $4.09 billion for the quarter, compared to $2.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.91 percent.
