The market performance of Western Digital Corp.’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $81.55 on 06/18/24, while the lowest value for the same duration was $35.62 on 10/26/23.
52-week price history of WDC Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Western Digital Corp.’s current trading price is -14.84% away from its 52-week high, while its distance from the 52-week low is 94.97%. The stock’s price range during the 52-week period has remained between $35.62 and $81.55. In the Technology sector, the company’s shares saw a trading volume of around 16.51 million for the day, which was evidently higher than the average daily volume of 5.72 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Western Digital Corp. (WDC) has experienced a quarterly rise of 4.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.01B and boasts a workforce of 51000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 68.54, with a change in price of -4.49. Similarly, Western Digital Corp. recorded 5,571,969 in trading volume during the last 100 days, posting a change of -6.07%.
Examining WDC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for WDC stands at 0.64. Similarly, the long-term debt-to-equity ratio is also 0.49.
WDC Stock Stochastic Average
Western Digital Corp.’s raw stochastic average for the past 50 days is presently 70.00%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 59.70%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 46.75% and 46.24%, 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. Year to date metric has recorded a gain of 32.61%.However, over the last six months, we can see a stronger performance of -2.68%. Over the last 30 days, the price of WDC has leaped by -1.43%. And in the last five days, it has surged by 3.61%.
