Western Digital Stock Today

WDC Stock  USD 59.31  0.48  0.80%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 26

 
100  
 
Zero
Below Average
Western Digital is trading at 59.31 as of the 19th of March 2024, a -0.8 percent decrease since the beginning of the trading day. The stock's open price was 59.79. Western Digital has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Western Digital are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
2nd of January 1987
Category
Technology
Classification
Information Technology
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California. The company has 325.86 M outstanding shares of which 18.74 M shares are at this time shorted by investors with about 3.22 days to cover. More on Western Digital

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Western Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Western Digital's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Western Digital or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Western Digital's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Western Digital's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanStephen Milligan
Thematic Ideas
Showing 3 out of 5 themes
Old Names[Iconic Labs Plc, Western Digital Corporation]
Business ConcentrationTechnology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, SP 500 Index, ARCA Computer Technology, NASDAQ Composite, NASDAQ Composite Total, IT, ISP, Computers, Tech Growth, Macroaxis Picks, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Western Digital report their recommendations after researching Western Digital's financial statements, talking to executives and customers, or listening in on Western Digital's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Western Digital. The Western consensus assessment is calculated by taking the average forecast from all of the analysts covering Western Digital.
Financial Strength
Based on the analysis of Western Digital's profitability, liquidity, and operating efficiency, Western Digital is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Western Digital is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.550.58
Notably Down
Pretty Stable
Gross Profit Margin0.180.14
Significantly Up
Pretty Stable
Total Current Liabilities6.6 B6.2 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total21.9 B20.8 B
Sufficiently Up
Slightly volatile
Total Assets29.5 B28.1 B
Sufficiently Up
Slightly volatile
Total Current Assets9.5 B9.1 B
Sufficiently Up
Slightly volatile
Western Digital's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Western Digital's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Western Digital's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Western Digital's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Western Digital's financial leverage. It provides some insight into what part of Western Digital's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Western Digital's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Western Digital deploys its capital and how much of that capital is borrowed.
Liquidity
Western Digital cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 7.07 B in debt with debt to equity (D/E) ratio of 0.61, which is OK given its current industry classification. Western Digital has a current ratio of 1.79, which is typical for the industry and considered as normal. Debt can assist Western Digital until it has trouble settling it off, either with new capital or with free cash flow. So, Western Digital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Western Digital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Digital's use of debt, we should always consider it together with cash and equity.

Change In Cash

(259.92 Million)
Western Digital (WDC) is traded on NASDAQ Exchange in USA. It is located in 5601 Great Oaks Parkway, San Jose, CA, United States, 95119 and employs 53,000 people. Western Digital is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 19.48 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Western Digital's market, we take the total number of its shares issued and multiply it by Western Digital's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Western Digital runs under Technology Hardware, Storage & Peripherals sector within Information Technology industry. The entity has 325.86 M outstanding shares of which 18.74 M shares are at this time shorted by investors with about 3.22 days to cover. Western Digital has about 2.05 B in cash with (408 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.45.
Check Western Digital Probability Of Bankruptcy
Ownership Allocation
Western Digital retains a total of 325.86 Million outstanding shares. The majority of Western Digital outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in Western Digital to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in Western Digital. Please pay attention to any change in the institutional holdings of Western Digital as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Western Ownership Details

Western Stock Price Odds Analysis

What are Western Digital's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Western Digital jumping above the current price in 90 days from now is about 21.81%. The Western Digital probability density function shows the probability of Western Digital stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6301. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Western Digital will likely underperform. Additionally, the company has an alpha of 0.0666, implying that it can generate a 0.0666 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 59.31HorizonTargetOdds Above 59.31
78.06%90 days
 59.31 
21.81%
Based on a normal probability distribution, the odds of Western Digital to move above the current price in 90 days from now is about 21.81 (This Western Digital probability density function shows the probability of Western Stock to fall within a particular range of prices over 90 days) .

Western Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Western Digital that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Western Digital's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Western Digital's value.
InstituionRecorded OnShares
Citadel Advisors Llc2023-09-30
5.3 M
Balyasny Asset Management Llc2023-12-31
4.9 M
Slate Path Capital Lp2023-12-31
4.8 M
Alliancebernstein L.p.2023-12-31
4.5 M
Amvescap Plc.2023-12-31
4.3 M
Ameriprise Financial Inc2023-12-31
4.1 M
Kodai Capital Management Lp2023-12-31
4.1 M
Point72 Asset Management, L.p.2023-09-30
3.3 M
Dimensional Fund Advisors, Inc.2023-12-31
3.1 M
Vanguard Group Inc2023-12-31
38.6 M
Blackrock Inc2023-12-31
27.4 M
View Western Digital Diagnostics

Western Digital Historical Income Statement

Western Digital Income Statement is one of the three primary financial statements used for reporting Western's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Western Digital revenue and expense. Western Digital Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Western Digital's Cost Of Revenue is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 3.6 B, whereas Depreciation And Amortization is forecasted to decline to about 570.8 M. View More Fundamentals

Western Stock Against Markets

Picking the right benchmark for Western Digital stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Western Digital stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Western Digital is critical whether you are bullish or bearish towards Western Digital at a given time. Please also check how Western Digital's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Western Digital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Western Digital Corporate Directors

Western Digital corporate directors refer to members of a Western Digital board of directors. The board of directors generally takes responsibility for the Western Digital's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Western Digital's board members must vote for the resolution. The Western Digital board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Paula PriceIndependent DirectorProfile
Len LauerIndependent DirectorProfile
Martin ColeDirectorProfile
Kathleen CoteIndependent DirectorProfile

How to buy Western Stock?

Before investing in Western Digital, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Western Digital. To buy Western Digital stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Western Digital. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Western Digital stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Western Digital stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Western Digital stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Western Digital, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Western Stock please use our How to Invest in Western Digital guide.

Already Invested in Western Digital?

The danger of trading Western Digital is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Western Digital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Western Digital. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Digital is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Western Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Western Stock refer to our How to Trade Western Stock guide.
Note that the Western Digital information on this page should be used as a complementary analysis to other Western Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Western Digital's price analysis, check to measure Western Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Digital is operating at the current time. Most of Western Digital's value examination focuses on studying past and present price action to predict the probability of Western Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Digital's price. Additionally, you may evaluate how the addition of Western Digital to your portfolios can decrease your overall portfolio volatility.
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Is Western Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Digital. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.96)
Earnings Share
(7.26)
Revenue Per Share
35.014
Quarterly Revenue Growth
(0.41)
Return On Assets
(0.04)
The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Digital's market value can be influenced by many factors that don't directly affect Western Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.