Western Digital Stock Price Prediction
| WDC Stock | USD 69.55 0.37 0.53% |
Oversold Vs Overbought
67
Oversold | Overbought |
Western Digital stock price prediction is an act of determining the future value of Western Digital shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Western Digital's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Western Digital and does not consider all of the tangible or intangible factors available from Western Digital's fundamental data. We analyze noise-free headlines and recent hype associated with Western Digital, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Western Digital's stock price prediction:Quarterly Earnings Growth (0.96) | EPS Estimate Next Quarter (0.42) | EPS Estimate Current Year (1.43) | EPS Estimate Next Year 6.82 | Wall Street Target Price 85.28 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Western Digital based on different types of headlines from major news networks to social media. The Western stock price prediction module provides an analysis of price elasticity to changes in media outlook on Western Digital over a specific investment horizon. Using Western Digital hype-based prediction, you can estimate the value of Western Digital from the perspective of Western Digital response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Western Digital using Western Digital's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Western using crowd psychology based on the activity and movement of Western Digital's stock price.
Western Digital Short Interest
A significant increase or decrease in Western Digital's short interest from the previous month could be a good indicator of investor sentiment towards Western. Short interest can provide insight into the potential direction of Western Digital stock and how bullish or bearish investors feel about the market overall. An investor who is long Western Digital may also wish to track short interest. As short interest increases, investors should be becoming more worried about Western Digital and may potentially protect profits, hedge Western Digital with its derivative instruments, or be ready for some potential downside.
200 Day MA 50.6547 | Short Percent 0.0558 | Short Ratio 2.32 | Shares Short Prior Month 15.6 M | 50 Day MA 63.9998 |
Western Digital Hype to Price Pattern
Investor biases related to Western Digital's public news can be used to forecast risks associated with an investment in Western. The trend in average sentiment can be used to explain how an investor holding Western can time the market purely based on public headlines and social activities around Western Digital. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Western Digital's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Western Digital.
Western Digital Implied Volatility | 147.46 |
Western Digital's implied volatility exposes the market's sentiment of Western Digital stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Western Digital's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Western Digital stock will not fluctuate a lot when Western Digital's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Western Digital. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Western Digital to buy its stock at a price that has no basis in reality. In that case, they are not buying Western because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Western Digital after-hype prediction price | USD 69.92 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Western contract
Based on the Rule 16, the options market is currently suggesting that Western Digital will have an average daily up or down price movement of about 9.22% per day over the life of the 2024-04-26 option contract. With Western Digital trading at USD 69.55, that is roughly USD 6.41 . If you think that the market is fully incorporating Western Digital's daily price movement you should consider acquiring Western Digital options at the current volatility level of 147.46%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Western |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Digital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Western Digital After-Hype Price Prediction Density Analysis
As far as predicting the price of Western Digital at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Western Digital or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Western Digital, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Western Digital Estimiated After-Hype Price Volatility
In the context of predicting Western Digital's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Western Digital's historical news coverage. Western Digital's after-hype downside and upside margins for the prediction period are 67.53 and 72.31, respectively. We have considered Western Digital's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Western Digital is very steady at this time. Analysis and calculation of next after-hype price of Western Digital is based on 3 months time horizon.
Western Digital Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Western Digital is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Western Digital backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Western Digital, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.25 | 2.39 | 0.27 | 0.00 | 9 Events / Month | 5 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
69.55 | 69.92 | 0.00 |
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Western Digital Hype Timeline
On the 24th of April Western Digital is traded for 69.55. The entity has historical hype elasticity of 0.27, and average elasticity to hype of competition of 0.0. Western is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.25%. %. The volatility of related hype on Western Digital is about 143400.0%, with the expected price after the next announcement by competition of 69.55. About 95.0% of the company outstanding shares are owned by institutional investors. The book value of Western Digital was at this time reported as 30.88. The company recorded a loss per share of 7.26. Western Digital last dividend was issued on the 2nd of April 2020. The entity had 2:1 split on the 4th of June 1997. Considering the 90-day investment horizon the next forecasted press release will be in about 9 days. Check out Western Digital Basic Forecasting Models to cross-verify your projections.Western Digital Related Hype Analysis
Having access to credible news sources related to Western Digital's direct competition is more important than ever and may enhance your ability to predict Western Digital's future price movements. Getting to know how Western Digital's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Western Digital may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| NNDM | Nano Dimension | (0.03) | 7 per month | 2.71 | 0.04 | 3.82 | (4.60) | 10.64 | |
| QBTS | DPCM Capital | 0.16 | 11 per month | 5.81 | 0.17 | 17.82 | (9.28) | 45.33 | |
| VLD | Velo3D Inc | 0.06 | 12 per month | 10.61 | 0.04 | 17.86 | (16.67) | 69.13 | |
| DM | Desktop Metal | (0.04) | 11 per month | 5.76 | 0.07 | 15.22 | (9.84) | 34.49 | |
| DDD | 3D Systems | (0.05) | 11 per month | 0.00 | (0.11) | 5.70 | (5.61) | 32.81 | |
| CAN | Canaan Inc | (0.09) | 9 per month | 0.00 | (0.07) | 20.31 | (12.09) | 50.27 |
Western Digital Additional Predictive Modules
Most predictive techniques to examine Western price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Western using various technical indicators. When you analyze Western charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Western Digital Predictive Indicators
The successful prediction of Western Digital stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Western Digital, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Western Digital based on analysis of Western Digital hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Western Digital's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Western Digital's related companies. | 2016 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006644 | 0.006633 | 0.007627 | 0.007246 | Price To Sales Ratio | 0.72 | 0.98 | 0.88 | 0.56 |
Story Coverage note for Western Digital
The number of cover stories for Western Digital depends on current market conditions and Western Digital's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Western Digital is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Western Digital's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Western Digital Short Properties
Western Digital's future price predictability will typically decrease when Western Digital's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Western Digital often depends not only on the future outlook of the potential Western Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Western Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 318 M | |
| Cash And Short Term Investments | 2 B |
Check out Western Digital Basic Forecasting Models to cross-verify your projections. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Western Stock analysis
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.