Western Digital Stock Performance
| WDC Stock | USD 68.32 1.85 2.64% |
On a scale of 0 to 100, Western Digital holds a performance score of 13. The firm maintains a market beta of 1.39, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Western Digital will likely underperform. Please check Western Digital's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Western Digital's historical returns will revert.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Western Digital are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain fundamental indicators, Western Digital exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (1.25) | Five Day Return (4.20) | Year To Date Return 37.97 | Ten Year Return (23.94) | All Time Return 6.1 K |
Last Split Factor 2:1 | Dividend Date 2020-04-17 | Ex Dividend Date 2020-04-02 | Last Split Date 1997-06-04 |
1 | Disposition of 2722 shares by David Goeckeler of Western Digital at 54.13 subject to Rule 16b-3 | 02/20/2024 |
2 | Non-Volatile Memory Market To Garner 96.1 billion by 2032, Driven by Increasing Demand for Laminated Products | 03/06/2024 |
3 | ARAY, AXTI and LZ are among after hour movers | 03/20/2024 |
4 | Seagate Technology upped at Morgan Stanley on prospects for rising margins | 03/26/2024 |
5 | Western Digital upgraded at Rosenblatt on strengthening NAND Flash prices | 04/05/2024 |
6 | Disposition of 443 shares by Gene Zamiska of Western Digital at 75.0 subject to Rule 16b-3 | 04/08/2024 |
7 | Western Digital to Announce Third Quarter Fiscal 2024 Financial Results on April 25, 2024 | 04/09/2024 |
8 | Market Whales and Their Recent Bets on WDC Options | 04/11/2024 |
9 | Irving Tan exits Stanley Black Decker board | 04/12/2024 |
10 | Investors Heavily Search Western Digital Corporation Here is What You Need to Know | 04/15/2024 |
11 | Wall Street Analysts See Western Digital as a Buy Should You Invest | 04/17/2024 |
| Begin Period Cash Flow | 2.3 B | |
| Total Cashflows From Investing Activities | -762 M |
Western |
Western Digital Relative Risk vs. Return Landscape
If you would invest 5,477 in Western Digital on January 19, 2024 and sell it today you would earn a total of 1,540 from holding Western Digital or generate 28.12% return on investment over 90 days. Western Digital is generating 0.4209% of daily returns assuming volatility of 2.3502% on return distribution over 90 days investment horizon. In other words, 20% of stocks are less volatile than Western, and above 92% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Western Digital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Digital's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Western Digital, and traders can use it to determine the average amount a Western Digital's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1791
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Estimated Market Risk
| 2.35 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Western Digital is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Western Digital by adding it to a well-diversified portfolio.
Western Digital Fundamentals Growth
Western Stock prices reflect investors' perceptions of the future prospects and financial health of Western Digital, and Western Digital fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Western Stock performance.
| Return On Equity | -0.2 | ||||
| Return On Asset | -0.0442 | ||||
| Profit Margin | (0.20) % | ||||
| Operating Margin | 0.15 % | ||||
| Current Valuation | 30.32 B | ||||
| Shares Outstanding | 326.48 M | ||||
| Price To Earning | 31.52 X | ||||
| Price To Book | 2.34 X | ||||
| Price To Sales | 2.09 X | ||||
| Revenue | 12.32 B | ||||
| Gross Profit | 5.87 B | ||||
| EBITDA | (264 M) | ||||
| Net Income | (1.71 B) | ||||
| Cash And Equivalents | 2.05 B | ||||
| Cash Per Share | 6.45 X | ||||
| Total Debt | 7.07 B | ||||
| Debt To Equity | 0.61 % | ||||
| Current Ratio | 1.83 X | ||||
| Book Value Per Share | 30.88 X | ||||
| Cash Flow From Operations | (408 M) | ||||
| Earnings Per Share | (7.26) X | ||||
| Market Capitalization | 23.2 B | ||||
| Total Asset | 24.43 B | ||||
| Retained Earnings | 7.42 B | ||||
| Working Capital | 2.45 B | ||||
| Current Asset | 12.58 B | ||||
| Current Liabilities | 6.95 B | ||||
About Western Digital Performance
To evaluate Western Digital Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Western Digital generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Western Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Western Digital market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Western's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 116.46 | 122.28 | |
| Return On Tangible Assets | (0.11) | (0.10) | |
| Return On Capital Employed | (0.06) | (0.06) | |
| Return On Assets | (0.06) | (0.06) | |
| Return On Equity | (0.14) | (0.15) |
Things to note about Western Digital performance evaluation
Checking the ongoing alerts about Western Digital for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Western Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 12.32 B. Reported Net Loss for the year was (1.71 B) with profit before taxes, overhead, and interest of 5.87 B. | |
| 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. | |
| Over 95.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Wall Street Analysts See Western Digital as a Buy Should You Invest |
- Analyzing Western Digital's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Western Digital's stock is overvalued or undervalued compared to its peers.
- Examining Western Digital's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Western Digital's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Western Digital's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Western Digital's stock. These opinions can provide insight into Western Digital's potential for growth and whether the stock is currently undervalued or overvalued.
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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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.