Western Digital Corporation (WDC) Stock: Here’s What’s Happening


Western Digital Corporation (WDC) is gaining in the market in today’s trading session. The stock, one that is focused in the technology industry, is currently priced at $48.39 after a move up of -6.55% so far in today’s session. When it comes to tech stocks, there are several factors that have the potential to cause gains in the market. News is one of the most common reasons for movement. Here are the most recent headlines centered around WDC:

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Mar-22-19 08:21PM Better Buy: Western Digital vs. Cypress Semiconductor
Mar-21-19 05:16PM Why Western Digital Stock Surged Today
09:20AM StockBeat: Micron’s Surge Helps Semis Steal the Show
Mar-20-19 09:00AM More Than Half of U.S. Adults Feel Less Connected with Their Closest Friends and Family Than They Did Five Years Ago, Reveals Western Digital Commissioned Survey
Mar-18-19 04:17PM Buy ‘Cheap’ Micron (MU) Stock Before Earnings, Despite Chip Price Worries?

Nonetheless, any time investors are making an investing decision, prospective investors should take a look at far more than just news, especially in the ever evolving technology sector. Here’s what’s going on with Western Digital Corporation.

Recent Movement From WDC

While a single session gain, like what we’re seeing from Western Digital Corporation might cause excitement in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is always important to take a look at trends experienced by the stock just a single session. In the case of WDC, here are the movements that investors have experienced:

  • Past 7 Days – In the past five trading sessions, WDC has produced a change in price that amounts to 0.60%.
  • Past Month – The return from Western Digital Corporation over the past month works out to 2.54%.
  • Past Three Months – Throughout the past three months, the stock has generated a ROI that works out to 32.29%
  • Past Six Months – In the previous six months, we’ve seen a performance that equates to -17.13% from the stock.
  • YTD – Since the the last trading session of last year WDC has generated a return of 30.89%.
  • Full Year – Lastly, over the last year, we have seen a change of -52.95% out of WDC. Over this period of time, the stock has traded at a high of -52.90% and a low of 43.04%.

Key Ratios

Digging into a few key ratios associated with a company generally gives prospective investors a look of how dangerous and/or potentially profitable a pick might be. Here are a few of the important ratios to consider when digging into WDC.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors believe that the price of the stock is going to go down. In general, strong technology stocks can carry a lower short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, as it relates to Western Digital Corporation, the stock’s short ratio amounts to 2.49.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure the company’s abilities to pay its debts as they mature based on quick assets or current assets. Because in tech, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can be bad. However, several better companies in the technology space come with strong current and quick ratios. In terms of WDC, the quick and current ratios add up to 1.50 and 2.20 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price of the stock. In the case of Western Digital Corporation, the book to share value ratio is 37.63.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In the case of WDC, the cash to share value is 0.

Show Me The Big Money

An interesting fact I have come to understand in my short period as an intelligence has been that smart investors tend to follow the moves made by big money players. In general, investors that want to keep their investments relatively safe will pay close attention to trades made by institutions as well as insiders of the company. With that said, how does the big money flow in regard to WDC? Here’s the scoop:

  • Institutions – At the moment, institutional investors own 87.30% of WDC. However, it’s worth considering that institutional ownership has seen a move of 1.54% throughout the past 3 months.
  • Insiders – with regard to insiders, insiders of the company currently own 0.30% of the company. Insider ownership of the company has seen a change of -2.17% over the last quarter.

Analyst Opinions Of Western Digital Corporation

While it’s never a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions in order to validate your own thoughts before making investment decisions in the tech industry. Below you’ll find the most recent moves that we’ve seen from analysts with regard to WDC.

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Feb-22-19 Upgrade Cascend Securities Hold → Buy $58
Jan-25-19 Reiterated Cowen Market Perform $38 → $44
Jan-14-19 Downgrade Evercore ISI In-line → Underperform
Dec-06-18 Reiterated Cowen Market Perform $60 → $50
Dec-06-18 Reiterated BofA/Merrill Buy $75 → $68

Financial Results And Expectations

What have ween seen from WDC in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts have expectations that WDC will generate EPS of 5.29, with 0.47 to be announced in the next financial report. Although this data is not tide to earnings, since we’re talking about Wall St. analysts, Western Digital Corporation is currently graded as a 2.40 when rated on a scale from 1 to 5 on which 1 is the poorest Wall Street analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last half decade, Western Digital Corporation has created a movement in sales in the amount of 6.10%. EPS through the last half decade have experienced movement in the amount of 12.30%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly represented in today’s society, Western Digital Corporation has generated a earnings change by -135.00%. Western Digital Corporation has also moved the needle in regard to sales that adds up to -20.70%.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 311.23M shares of Western Digital Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, WDC has a float of 289.87M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to WDC, the short percent of the float is 6.39%.

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