Western Digital Cp (NASDAQ:WDC) shares traded -6.26% down during most recent session to reach at the closing price of $42.99. The stock exchanged hands 7.26 Million shares versus average trading capacity of 6.37 Million shares, yielding a market cap of $12.75 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $57.09 within the next 52-weeks. The mean target projections are based on 23 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Western Digital Cp (NASDAQ:WDC) high price target of $126 and with a conservative view have low price target of $30.
“Maintained” Western Digital Cp (NASDAQ:WDC) in a research note issued to investors on 4/30/19 to Buy with price target of $55.
Additionally on 4/30/19 “Maintained” Western Digital Cp (NASDAQ:WDC) to Neutral setting price target at $47 and on 4/30/19 “Downgrades” the stock to Hold. Furthermore on 4/30/19 “Maintained” the stock to Buy at $59.
On the other hand the company has Relative Strength Index (RSI 14) of 27.42 along with Average True Range (ATR 14) of 2.07, Consequently Western Digital Cp (NASDAQ:WDC)’s weekly and monthly volatility is 4.18%, 3.68% respectively. The company’s beta value is at 1.53.
In terms of Buy, Sell or Hold recommendations, Western Digital Cp (NASDAQ:WDC) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Western Digital Cp (NASDAQ:WDC)’s minimum EPS for the current quarter is at $0.1 and can go high up to $0.57. The consensus mean EPS for the current quarter is at $0.22 derived from a total of 27 estimates from the analysts who have weighed in on projected earnings. However the company reported $3.61 earnings per share for the same quarter during last year.
Previously Western Digital Cp (NASDAQ:WDC) reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $-0.29. The company posted an earnings surprise of -63%.
Western Digital Cp (NASDAQ:WDC)’s revenue estimates for the current quarter are $3.7 Billion according to 25 number of analysts, for the current quarter the company has high revenue estimates of $3.8 Billion in contradiction of low revenue estimates of $3.62 Billion. For the current year the company’s revenue estimates are $16.63 Billion compared to low analyst estimates of $16.55 Billion and high estimates of $16.73 Billion according to 25 number of analysts.
Currently Western Digital Cp (NASDAQ:WDC)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 85.5%. However the six-month change in the insider ownership was recorded -1.94%, as well as three-month change in the institutional ownership was recorded -1.13%.
Western Digital Cp (NASDAQ:WDC)’s trailing twelve month revenues are $18.05 Billion, whereas its price to sales ratio for the same period is 0.71. Its book value per share for the most recent quarter is $34.98 while its price to book ratio for the same period is 1.23, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 102.11.