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. The stock was recently discussed on Yahoo Finance as it revealed that Western Digital Announces Update on Company Separation.
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Stocks Info
The company is listed on the NASDAQ and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $63.49 and fluctuated between $64.29 as its day high and $62.17 as its day low. The current market capitalization of Western Digital Corp. is $20.69B. A total of 7.14 million shares were traded on the day, compared to an average of 6.38M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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, Zamiska Gene M. sold 10,768 shares of WDC for 61.31 per share on Mar 01. After the transaction, the SVP & Princ. Acctg Officer now owns 31,401 company shares. In a previous transaction on Mar 01, Alexy Kimberly sold 3,000 shares at 62.75 per share. WDC shares that Director owns now total 23,157.
Among the insiders who sold shares, SODERBERY ROBERT disposed of 45,461 shares on Nov 03 at a per-share price of $43.11. This resulted in the EVP & GM, Flash Business holding 175,697 shares of WDC after the transaction. In another insider transaction, SODERBERY ROBERT sold 20,000 shares at $42.49 per share on Nov 02. Company shares held by the EVP & GM, Flash Business now total 221,158.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, WDC has a high of $65.04 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $30.88, while its Total Shareholder’s Equity was $12.22B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
