The price of Western Digital Corp (NASDAQ:WDC) shares last traded on Wall Street fell -2.08% to $71.50.
WDC stock price is now 6.92% away from the 50-day moving average and 5.22% away from the 200-day moving average. The market capitalization of the company currently stands at $24.20B.
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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, Zamiska Gene M., SVP & Princ. Acctg Officer sold 658 shares of the company’s stock on Nov 26 ’24. The stock was sold for $46,053 at an average price of $69.99. Upon completion of the transaction, the SVP & Princ. Acctg Officer now directly owns 28,863 shares in the company, valued at $2.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 26 ’24, Officer GENE M ZAMISKA bought 658 shares of the business’s stock. A total of $46,053 was incurred on buying the stock at an average price of $69.99. A total of 0.50% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp has had a low of $46.28 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 $66.7286 and a two-hundred day moving average price translates $67.8729 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.
