Western Digital Corp. (WDC) Is Not Likely To Be The Same Tomorrow

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Western Digital to Participate in Upcoming Investor Conference.

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Stocks Info

Western Digital Corp. is listed on the NASDAQ in the Technology sector while operating in the Computer Hardware industry. The current market capitalization of Western Digital Corp. is $18.73B. A total of 5.68 million shares were traded on the day, compared to an average of 6.34M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, WDC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 41 SELLs from insiders. Insiders purchased 490,863 shares during that period but sold 537,243.

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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for WDC in the last 3 months, the mean price target is $68.17 with high estimates of $82.00 and low estimates of $55.00. In terms of 52-week highs and lows, WDC has a high of $60.55 and a low of $31.97.

As of this writing, WDC has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.02. The company reported an EPS of -$1.76 in the last quarter, which was 7.40% higher than expectations of -$1.9.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $30.88, while its Total Shareholder’s Equity was $12.22B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 4.35.

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