The price of Western Digital Corp (NASDAQ:WDC) shares last traded on Wall Street rose 0.60% to $41.70.
WDC stock price is now -14.34% away from the 50-day moving average and -18.39% away from the 200-day moving average. The market capitalization of the company currently stands at $14.50B.
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On September 13, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $95 to quote $80, while ‘Summit Insights’ rates the stock as ‘Hold’
In other news, GENE M ZAMISKA, Officer bought 1,659 shares of the company’s stock on Mar 07 ’25. The stock was bought for $68,616 at an average price of $41.36. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, SVP & Princ. Acctg Officer Zamiska Gene M. sold 313 shares of the business’s stock. A total of $22,733 was realized by selling the stock at an average price of $72.63. This leaves the insider owning 28,383 shares of the company worth $1.18 million. A total of 0.85% of the company’s stock is owned by insiders.
During the past 12 months, Western Digital Corp has had a low of $39.87 and a high of $61.62. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.99, and a quick ratio of 1.26.
The net profit margin was 9.50% and return on equity was 13.99% for WDC. The company reported revenue of $4.29 billion for the quarter, compared to $3.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.33 percent.
