The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 34.12%.However, over the last six months, we can see a weaker performance of 53.70%. Over the last 30 days, the price of WDC has fallen by 17.48%. And in the last five days, it has fallen by -3.32%.
Western Digital Corp. experienced a rather steady stock market performance. The highest value in the past year was recorded at $76.92 on 04/08/24 and the lowest value was $31.97 on 04/25/23.
52-week price history of WDC Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Western Digital Corp.’s current trading price is -8.68% away from its 52-week high, while its distance from the 52-week low is 119.71%. The stock’s price range during this period has varied between$31.97 and $76.92. The Western Digital Corp.’s shares, which operate in the Technology, saw a trading volume of around 1.5 million for the day, a figure considerably lower than their average daily volume of 7.42 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Western Digital Corp. (WDC) has experienced a quarterly rise of 34.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.91B and boasts a workforce of 53000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 57.25, with a change in price of +22.95. Similarly, Western Digital Corp. recorded 6,510,956 in trading volume during the last 100 days, posting a change of +48.47%.
WDC’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative 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
Western Digital Corp.’s raw stochastic average for the past 50 days is presently 72.45%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 64.12%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 67.52% and 72.96%, respectively.
