Western Digital Corp (WDC) At $61.71 Offering A Unique Opportunity

Western Digital Corp (NASDAQ:WDC) currently has a daily average trading volume of 5.33M but it saw 2145865 shares traded in last market. With a market cap of 21.33B USD, the company’s current market price of $61.71 came rising about 0.02 while comparing to the previous closing price of $61.70. In past 52 weeks, the stock remained buoying in the range of price level as high as $81.55 and as low as $48.96. In the recent trading on the day, stock has struck highest price mark of $61.47 while lowest mark touched by it was $62.2.

Taking a look at 20-day trading activity of Western Digital Corp (WDC) gives us an average price of $67.20, while its current price level is -24.33% below from 52-week high level whereas it is 26.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $67.01 while that of 200 days or SMA-200 reads an average of $68.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.79% during that period while stretching the period over a month that increases to 3.44%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.36 which implies that the stock is in neutral territory.

Over the week, WDC’s stock price is moving -2.88% down while it is -11.11% when we observe its performance for the past one month. Year-to-date it is 17.83% up and over the past year, the stock is showing an upside performance of 16.96%.

Currently, Western Digital Corp’s total number of outstanding shares is 346.00M. Company’s return on investment (ROI) stands at 3.37% and return on equity (ROE) at 6.17%. It has a price to earnings ratio (P/E ratio) of 37.67 while having a 6.84 of forward P/E ratio. Stock’s beta reads 1.40. Stock has a price to book (P/B) ratio of 1.83 while price to sale or P/S ratio amounts to 1.49. Its return on asset (ROA) is 2.75% on average.