Western Digital Corporation (WDC) is a big name in the data storage world. It’s known for its new products and tech solutions. We’ll look at the current western digital stock price and what affects it.
It’s important for investors to understand the western digital share price. This is because of changes in market demand and new tech in the sector. The upcoming earnings report is expected to show a big EPS growth of 364.7% year-over-year. This will have big implications for the western digital stock value.
Key Takeaways
- The upcoming earnings announcement is set for two days after market close.
- The current western digital stock price is $68.68, which reflects notable market activity.
- Projected EPS is expected to be $1.83, marking a significant increase compared to previous years.
- Volume trends show a rise, with daily trading exceeding 6 million shares.
- The 52-week price range highlights the stock’s volatility, oscillating between $52.77 and $81.55.
Overview of Western Digital Corporation
Western Digital Corporation was founded in 1970 in San Jose, California. It is a top name in data storage solutions. The company makes and sells many data storage devices. These include hard disk drives (HDDs), solid-state drives (SSDs), and flash-based systems.
Western Digital serves markets in the U.S., Europe, Asia, and the Middle East. Its products are for both personal use and big businesses. This shows how wide its appeal is.
Western Digital is known for its diverse products. It operates under names like SanDisk and WD. The latest stock price is $67.41, down 1.85%.
Despite market ups and downs, Western Digital’s stock has held up well. Analysts are looking forward to the company’s earnings. They expect big growth, which could boost investor confidence and the stock price.
| Stock Details | Value |
|---|---|
| Current Share Price | $67.41 |
| Market Capitalization | $23.304 billion |
| PE Ratio (TTM) | 74.08 |
| Earnings Per Share (TTM) | $0.91 |
| 52-Week Range | $52.77 – $81.55 |
| Volume (Day) | 6,046,619 shares |
| Average Volume | 5,319,993 shares |
Key Factors Influencing Western Digital Share Price
The value of Western Digital’s stock is linked to several market factors. Two key factors are the demand for data storage and the company’s focus on new technologies. These elements help explain the ups and downs in the stock’s price.
Market Demand for Data Storage Solutions
Data is more important than ever in many fields. This has led to a big market demand for data storage solutions. Finance and healthcare are just a few sectors that need strong storage tech.
As more businesses use lots of data, Western Digital’s ability to meet this need is key. This can boost its earnings and the stock price. Investors see the chance for growth in this expanding market.
Technological Advancements and Product Innovations
Western Digital’s success depends on technological advancements and new products. The company focuses on research to stay competitive. Innovations in SSDs and data management are key to attracting customers.
When Western Digital launches new products, it can win over investors. This can help raise the stock price.
Current Performance of Western Digital Stock
The current state of Western Digital stock offers key insights for investors. The stock price is around $67.41 as of the latest update. This shows the stock’s price has moved, reflecting changes in investor mood and market shifts.
Recent Price Movements
The stock price has seen ups and downs recently. In the last week, it went up by 3.18%. But in the last 24 hours, it dropped by 1.85%. Prices have swung between $67.37 and $69.44. These changes can help those thinking about buying Western Digital stock make better choices.
Volume and Market Capitalization Trends
Volume trends shed light on Western Digital’s performance. The stock sees about 5.32 million shares traded daily, showing a lot of investor interest. The company’s market value is now around $23.30 billion. These figures are important for anyone looking to invest in the stock market.
| Indicator | Value |
|---|---|
| Current Share Price | $67.41 |
| Market Capitalization | $23.30 billion |
| Average Daily Volume | 5.32 million shares |
| Price Change (Last 24 Hours) | -1.85% |
| Weekly Share Price Increase | 3.18% |
| Monthly Share Price Increase | 9.86% |
Historical Trends in Western Digital Share Price
Looking at the historical western digital share price shows a long-term growth path. The stock has seen ups and downs, but it shows a steady rise. This rise is due to strong demand for its products and constant innovation.
The share price reflects more than just market feelings. It also shows the company’s solid foundation. This foundation is key to its long-term value.
Long-Term Growth Trajectory
Western Digital’s stock price has changed a lot over time. As of January 24, 2025, the price is $67.41. This shows a steady increase over the years.
The stock hit its highest point at $97.76 on March 16, 2018. After that, the price went up and down due to various market factors.
52-Week Highs and Lows Analysis
The western digital share price has moved between $52.77 and $81.55 in the last year. The current price is 21% below the high and 21.7% above the low. This shows how investors react to different factors.
This range also shows the company’s position in the market. It gives clues for both current and future investors looking at the western digital share cost.
Analyst Ratings and Predictions
Financial analysts play a big role in shaping Western Digital’s stock value. Their consensus ratings are key for investors. Twenty analysts have weighed in, showing strong interest in Western Digital’s future.
Fourteen analysts recommend a “buy” rating, while six suggest a “hold.” This gives a consensus rating score of 2.70. It shows a lot of optimism about the company’s growth, even with market ups and downs.
Consensus Ratings from Financial Analysts
Western Digital is seen as a “Moderate Buy” by analysts. They are confident in the stock’s future. The average price target is $86.74, which means a 28.67% increase from now.
Price targets vary from $70.00 to $115.00. This gives investors different scenarios to consider. Here’s a breakdown of the analysts’ views:
| Rating Type | Number of Analysts |
|---|---|
| Buy | 14 |
| Hold | 6 |
Western Digital’s growth is closely watched. The recent changes in analyst recommendations show the stock’s volatility. Only one downgrade in the last 90 days, though, keeps the overall sentiment positive.
Future Price Target Estimates
Different firms have updated their price targets for Western Digital. For example, Cantor Fitzgerald predicts a $95.00 target, a 47.79% increase. Barclays and Bank of America have also made adjustments, showing significant growth possibilities. Here are some key projections:
| Firm | Price Target ($) | Upside (%) |
|---|---|---|
| Cantor Fitzgerald | 95.00 | 47.79 |
| Bank of America | 80.00 | 24.37 |
| Wells Fargo | 85.00 | 31.50 |
| Rosenblatt | 115.00 | 73.40 |
These estimates help investors understand Western Digital’s stock value. The wide range of opinions shows the fast-changing tech sector. It highlights the chance for big changes in Western Digital’s performance.
Understanding Western Digital Market Performance
Looking at Western Digital’s market performance is key for investors thinking about selling their stock. The company has seen ups and downs, like a 5.9% increase in shares and a drop of US$543 million in profit due to unusual costs. These costs might not be a regular issue, which could help the company’s future.
Even with losses last year and a 11% drop in share price in three months, there might be a chance for improvement. The company’s return on equity (ROE) is 3.2%, lower than the industry average of 9.2%. This shows the company needs to work on its performance to attract investors. Over five years, Western Digital’s net income fell by 16%, which is much less than the industry’s 22% growth.
Western Digital doesn’t pay regular dividends, focusing on keeping earnings for future growth. This strategy might appeal to investors looking at the long term. The company’s implied profit of $0.03 per $1 of shareholder capital suggests a possible recovery if things get better.
| Financial Metric | Western Digital | Industry Average |
|---|---|---|
| Share Price Change (Last 3 Months) | -11% | N/A |
| Profit Reduction (Unusual Items) | US$543 million | N/A |
| Return on Equity (ROE) | 3.2% | 9.2% |
| Five-Year Net Income Change | -16% | +22% |
| Implied Profit per $1 of Capital | $0.03 | N/A |
In summary, to understand Western Digital’s market performance, we need to look at recent trends, profit changes, and how it affects shareholders. Whether to sell Western Digital stock depends on investors’ views of the company’s future.
Upcoming Earnings and Financial Projections
The earnings report for Western Digital Corporation is expected on January 29, 2025. Analysts predict an EPS of $1.83, showing a 364.7% growth from last year. This has caught the attention of investors, who are watching the Western Digital stock price closely.
The company’s Q1 2025 results were better than expected, with earnings of $1.78. This was above the $1.55 forecast, highlighting a 48.9% revenue growth. Total revenue reached $4.10 billion, showing a strong increase.
For Q2 2025, Western Digital expects an EPS of $1.75, slightly less than the $1.86 forecast. The forward P/E ratio is 12.17, and the annual EPS growth is expected to be 66.25%. Despite recent stock price changes, the outlook remains positive. Investors are watching how these earnings will affect the stock price today.
As the market waits for the next earnings call, it’s important to understand these projections. The average target price is $85.65, showing Western Digital’s growth promise. The demand for data storage solutions supports this, making it an attractive investment for both current and new investors.