Western Digital Corp. (NASDAQ: WDC): Is It A Buying Opportunity Again?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Western Digital to Announce Third Quarter Fiscal 2024 Financial Results on April 25, 2024.

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Stocks Info

WDC belongs to the Technology sector of the NASDAQ while operating in the Computer Hardware industry. The current market capitalization of Western Digital Corp. is $23.77B. A total of 7.55 million shares were traded on the day, compared to an average of 7.18M shares.

In the most recent transaction, Alexy Kimberly sold 2,648 shares of WDC for 69.95 per share on Apr 01 ’24. After the transaction, the Director now owns 20,509 company shares. In a previous transaction on Mar 01 ’24, Zamiska Gene M. sold 10,768 shares at 61.31 per share. WDC shares that SVP & Princ. Acctg Officer owns now total 31,401.

Among the insiders who sold shares, Alexy Kimberly disposed of 3,000 shares on Mar 01 ’24 at a per-share price of $62.75. This resulted in the Director holding 23,157 shares of WDC after the transaction. In another insider transaction, SODERBERY ROBERT sold 45,461 shares at $43.11 per share on Nov 03 ’23. Company shares held by the EVP & GM, Flash Business now total 175,697.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, WDC has a high of $74.86 and a low of $31.97.

As of this writing, WDC has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.05. 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 organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 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. 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 4.50.

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