Is Western Digital Corporation (NASDAQ: WDC) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Western Digital Corporation (WDC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.84, or -2.36%, to $34.7. Volume reached 65,049 shares, with price reaching a high of $35.0204 and a low of $34.56. Yahoo Finance discussed the stock recently as it posted Western Digital to Participate in Upcoming Investor Conferences.


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Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $34.78 and fluctuated between $36.32 as its day high and $34.77 as its day low. The current market capitalization of Western Digital Corporation is $11.10B. A total of 4.3 million shares were traded on the day, compared to an average of 3.52M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WDC has seen 6 BUY and 1 SELL insider trades, representing the acquisition of 160,289 and the disposition of 1,376 shares. Over the last 12 months, there were 23 BUYs and 9 SELLs from insiders. Insiders purchased 1,061,144 shares during that period but sold 90,462.

In the most recent transaction, Zamiska Gene M. sold 2,169 shares of WDC for 40.90 per share on Sep 07. After the transaction, the SVP & Princ. Acctg Officer now owns 31,554 company shares. In a previous transaction on May 04, Zamiska Gene M. sold 4,776 shares at 63.00 per share. WDC shares that SVP & Princ. Acctg Officer owns now total 26,719.

Among the insiders who sold shares, Sivaram Srinivasan disposed of 11,380 shares on Feb 15 at a per-share price of $53.37. This resulted in the President, Tech & Strategy holding 254,507 shares of WDC after the transaction. In another insider transaction, Price Paula A sold 4,150 shares at $51.82 per share on Jan 31. Company shares held by the Director now total 7,545.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. WDC’s most recent ex-dividend date was 04/02/2020 when it declared a $0.50 quarterly dividend that was paid in cash on 04/17/2020. Previously, the company paid the dividend on 01/21/2020 with an ex-dividend date of 01/02/2020. The dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WDC in the last 3 months, the mean price target is $55.00 with high estimates of $85.00 and low estimates of $30.00. In terms of 52-week highs and lows, WDC has a high of $69.36 and a low of $34.94.

As of this writing, WDC has an earnings estimate of $0.61 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.45 per share and a lower estimate of $0.33. The company reported an EPS of $1.54 in the last quarter, which was 1.32% higher than expectations of $1.52.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WDC is Sell with a score of 3.69. A total of 11 analysts rated the stock as Buy while 2 rated it as Overweight while 13 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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