Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 4.44% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -20.98%. Over the past 30 days, the price of WDC has leaped by -10.90%. And in the last five days, it has fallen by -5.13%.
Western Digital Corp experienced a rather steady stock market performance. The highest value in the past year was recorded at $81.55 on 06/18/24 and the lowest value was $50.88 on 01/16/24.
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 -23.63% away from its 52-week high, while its distance from the 52-week low is 22.39%. The stock’s price range during this period has varied between$50.88 and $81.55. The Western Digital Corp’s shares, which operate in the Technology, saw a trading volume of around 1.7 million for the day, a figure considerably lower than their average daily volume of 5.36 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Western Digital Corp (WDC) has experienced a quarterly decline of -4.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 21.53B and boasts a workforce of 51000 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 65.74, with a change in price of -2.43. Similarly, Western Digital Corp recorded 4,961,685 in trading volume during the last 100 days, posting a change of -3.77%.
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 0.69. Similarly, the long-term debt-to-equity ratio is also 0.53.
WDC Stock Stochastic Average
As of today, Western Digital Corp’s raw stochastic average for the last 50 days stands at 20.73%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 36.67%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 33.25% and 36.28%, respectively.
