After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Western Digital to Announce Second Quarter Fiscal 2024 Financial Results on January 25, 2024.
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Stocks Info
Western Digital Corp. is listed on the NASDAQ as a member of the Technology sector and is a part of the Computer Hardware industry. The current market capitalization of Western Digital Corp. is $18.48B. A total of 14.72 million shares were traded on the day, compared to an average of 5.82M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, WDC has seen 7 BUY and 3 SELL insider trades, representing the acquisition of 38,447 and the disposition of 66,943 shares. Over the last 12 months, there were 21 BUYs and 47 SELLs from insiders. Insiders purchased 496,061 shares during that period but sold 551,373.
In the most recent transaction, SODERBERY ROBERT sold 45,461 shares of WDC for 43.11 per share on Nov 03. After the transaction, the EVP & GM, Flash Business now owns 175,697 company shares. In a previous transaction on Nov 02, SODERBERY ROBERT sold 20,000 shares at 42.49 per share. WDC shares that EVP & GM, Flash Business owns now total 221,158.
Among the insiders who sold shares, Zamiska Gene M. disposed of 2,169 shares on Sep 06 at a per-share price of $45.42. This resulted in the SVP & Princ. Acctg Officer holding 43,011 shares of WDC after the transaction.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WDC in the last 3 months, the mean price target is $57.25 with high estimates of $75.00 and low estimates of $45.50. In terms of 52-week highs and lows, WDC has a high of $54.79 and a low of $31.97.
As of this writing, WDC has an earnings estimate of -$1.14 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of -$1.01 per share and a lower estimate of -$1.23. The company reported an EPS of -$1.98 in the last quarter, which was 1.50% higher than expectations of -$2.01.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WDC’s latest balance sheet shows that the firm has $2.33B in Cash & Short Term Investments as of fiscal 2022. There were $7.02B in debt and $5.24B in liabilities at the time. Its Book Value Per Share was $31.21, while its Total Shareholder’s Equity was $12.22B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.13.
