Stock In Limelight: Western Digital Corporation (NASDAQ:WDC)


Western Digital Corporation (NASDAQ:WDC) has obtained a mean price target of $61.670 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $1.220 a share for the near-term quarter and $4.280 for this year.

Technical View

The technical analysis of Western Digital Corporation clearly shows that the moving average of 50-days of Western Digital Corporation (NASDAQ:WDC) stock is $47.230, and is trading $6.405 points away or +13.562% from its 50-day moving average of $47.230. Further it is trading $7.958 or +17.423% away its 200-day moving average of $45.677.

The 52-week high of Western Digital Corporation (NASDAQ:WDC) was $86.390 while $34.990 is the low in the same period. This state Western Digital Corporation shares price has to travel more than $-32.755 to register a new high of 52-weeks or drop +53.287% to touch a new 52-week low point. MA here stands for moving average.

Taking the valuation aspect to reach the estimation of Western Digital Corporation, investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. Western Digital Corporation (NASDAQ:WDC) ratio came in at 53.635, which was derived by dividing current price of stock by yearly earnings. Western Digital Corporation stock recorded a close of $53.635 in last trading session, reaching a market cap of $15.25B.

Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The Western Digital Corporation (NASDAQ:WDC) PEG ratio is at 13.310.

1 Chart Pattern Every Investor Should Know

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