Stock To Watch: Western Digital Corporation (NASDAQ:WDC)


The leading market experts have placed a mean price target of $58.79 on Western Digital Corporation (NASDAQ:WDC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.93 a share for the upcoming quarter and $4.99 for the current fiscal. Technical View The technical analysis of Western Digital Corporation plainly substantiates that the 50-day moving average of Western Digital Corporation is $42.39, and stock is hovering 3.89 or +9.18% distant from $42.39. It is noted that the 200-day MA is $48.11, and Western Digital Corporation stock is $-1.83 or -3.80% off from this point. Western Digital Corporation (NASDAQ:WDC) 52-week high is $93.38 and the 52-week low is $34.99. This explains if the stock moves $-47.10, it will post a 52-week high. In event of $+32.27% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Western Digital Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Western Digital Corporation (NASDAQ:WDC) ratio came in at 13.07. The stock last ended the trading session at $46.28 and registered a market cap of $10.78B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Western Digital Corporation (NASDAQ:WDC) PEG ratio is at -9.27.

1 Chart Pattern Every Investor Should Know

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