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Western Digital Corp.: Rising -4.87% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, Western Digital Corp. had a somewhat regular. The highest value for the stock in the past year was $72.35 on 04/01/24, while the lowest value was $31.97 on 04/25/23.

52-week price history of WDC Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Western Digital Corp.’s current trading price is -4.87% away from its 52-week high, while its distance from the 52-week low is 115.30%. The stock’s price range for this period has remained between $31.97 and $72.35. The Technology sector company’s shares managed to surpass a trading volume of around 6.65 million for the day, which was noticeably lower compared to the shares’ average daily volume of 6.97 million over the last three months.

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Financial Performance and Market Capitalization

Western Digital Corp. (WDC) has experienced a quarterly rise of 31.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.43B and boasts a workforce of 53000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 54.58, with a change in price of +25.66. Similarly, Western Digital Corp. recorded 6,215,679 in trading volume during the last 100 days, posting a change of +59.44%.

WDC Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for WDC stands at 0.96. Similarly, the long-term debt-to-equity ratio is also 0.86.

WDC Stock Stochastic Average

As of today, the raw stochastic average of Western Digital Corp. over the past 50 days is 81.91%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 74.64%. Additionally, the Stochastic %K and %D values for the company were 84.74% and 87.86%, respectively, over the past 20 days.

WDC Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 31.43% this year. Over the last six months, there has been a weaker performance of 50.84%. The price of WDC fallen by 7.05% during the last 30 days period. For the last 5-days stocks have improved 5.92%.

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