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


The leading market experts have placed a mean price target of $61.67 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 $1.22 a share for the upcoming quarter and $4.28 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 $47.23, and stock is trading $6.27 points away or +13.28% from its 50-day moving average of $47.23. Further it is trading $7.82 or +17.13% away its 200-day moving average of $45.68. Western Digital Corporation (NASDAQ:WDC) 52-week high is $86.39 and the 52-week low is $34.99.

This explains if the stock moves $-32.89, it will post a 52-week high. In event of +52.90% 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 53.50.

The stock last ended the trading session at $53.50 and registered a market cap of $15.21B. 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 13.31.

1 Chart Pattern Every Investor Should Know

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