Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price gain of 48.39% this year. Over the last six months, there has been a weaker performance of 55.40%. The price of WDC leaped by -2.35% during the last 30 days period. For the last 5-days stocks have slided -0.92%.
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 $81.55 on 06/18/24, while the lowest price during the same period was $35.62 on 10/26/23.
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52-week price history of WDC Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Western Digital Corp.’s current trading price is -4.71% away from its 52-week high, while its distance from the 52-week low is 118.16%. The stock’s price range over this timeframe has been between $35.62 and $81.55. The shares of the Technology sector company recorded a trading volume of approximately 1.6 million for the day, which was comparatively lower than the average daily volume of 5.46 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Western Digital Corp. (WDC) has experienced a quarterly rise of 10.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.37B and boasts a workforce of 53000 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 70.94, with a change in price of +23.68. Similarly, Western Digital Corp. recorded 6,013,638 in trading volume during the last 100 days, posting a change of +44.35%.
WDC’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for WDC stands at 0.90. Similarly, the long-term debt-to-equity ratio is also 0.85.
WDC Stock Stochastic Average
Western Digital Corp.’s raw stochastic average for the past 50 days is currently at 60.94%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 42.12%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 56.98% and 61.23%, respectively.