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


The leading market experts have placed a mean price target of $59.13 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 $0.95 a share for the upcoming quarter and $4.98 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 $48.52, and stock is hovering 4.88 or +10.05% distant from $48.52. It is noted that the 200-day MA is $45.54, and Western Digital Corporation stock is $7.86 or +17.26% off from this point. Western Digital Corporation (NASDAQ:WDC) 52-week high is $88.46 and the 52-week low is $34.99. This explains if the stock moves $-35.06, it will post a 52-week high. In event of $+52.62% 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 15.08. The stock last ended the trading session at $53.40 and registered a market cap of $12.44B. 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 -10.46.

1 Chart Pattern Every Investor Should Know

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