Is Western Digital Corp. (NASDAQ: WDC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

WDC belongs to the Technology sector of the NASDAQ while operating in the Computer Hardware industry. The current market capitalization of Western Digital Corp. is $19.49B. A total of 5.33 million shares were traded on the day, compared to an average of 6.10M shares.

In the most recent transaction, SODERBERY ROBERT bought 12,154 shares of WDC for 57.09 per share on Aug 05 ’24. In a previous transaction on Aug 05 ’24, SODERBERY ROBERT sold 12,154 shares at 57.09 per share. WDC shares that EVP & GM, Flash Business owns now total 128,413.

Among the insiders who sold shares, Zamiska Gene M. disposed of 219 shares on Jun 17 ’24 at a per-share price of $78.00. This resulted in the SVP, Global Accounting & Chief holding 29,507 shares of WDC after the transaction. In another insider transaction, SODERBERY ROBERT sold 26,853 shares at $73.48 per share on Jun 04 ’24. Company shares held by the EVP & GM, Flash Business now total 144,623.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, WDC has a high of $81.55 and a low of $35.62.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. WDC’s latest balance sheet shows that the firm has $2.33B in Cash & Short Term Investments as of fiscal 2022. There were $7.02B in debt and $5.24B in liabilities at the time. Its Book Value Per Share was $31.05, while its Total Shareholder’s Equity was $12.22B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WDC is Buy with a score of 4.52.

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