Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Western Digital Corp.’s current trading price is -9.91% away from its 52-week high, while its distance from the 52-week low is 116.48%. The stock’s price range during this period has varied between $32.01 and $76.92. The company, active in the Technology sector, saw a trading volume of around 6.84 million for the day, considerably lower average daily volume of 6.91 million observed over the last three months.
Western Digital Corp. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $76.92 on 04/08/24, while the lowest price during the same period was $32.01 on 05/11/23.
How Financial Performance Impacts Market Capitalization
Western Digital Corp. (WDC) has experienced a quarterly rise of 19.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.60B and boasts a workforce of 53000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 58.98, with a change in price of +20.90. Similarly, Western Digital Corp. recorded 6,577,263 in trading volume during the last 100 days, posting a change of +43.19%.
How WDC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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 last 50 days is at 68.25%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 34.73%. Further, the company’s Stochastic %K and %D values for the last 20 days were 35.19% and 35.24%, respectively.
WDC Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 32.32%. However, over the past six months, we’ve seen a weaker performance of 64.28%. The price of WDC fallen by 2.45% over the last 30 days. And in the last five days, it has surged by 4.91%.
