A worth reading Analysis of Western Digital Corporation (NASDAQ:WDC)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Western Digital Corporation (NASDAQ:WDC) for the period of 9-Day stands at 58.07% while the stochastic %D for the same period stands at 46.26%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Western Digital Corporation (NASDAQ:WDC) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Western Digital Corporation (NASDAQ:WDC) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indictor of a certain security, currently Western Digital Corporation (NASDAQ:WDC)’s 20-Day Bollinger Band indicates “Hold”.

Previous Day Activity Analysis

On the last trading day, Western Digital Corporation (NASDAQ:WDC) opened the session at $89.01 and after going up 0.75% closed at $89.18. The stock gained 0.17 points in the last trade.

Western Digital Corporation (NASDAQ:WDC)’s stock fluctuated in the range of $87.68 and $89.36 during the previous active session. Western Digital Corporation (NASDAQ:WDC) traded with the volume of 3.11 Million with average volume of 4.26 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 1.25 while ATR (Average True Range) and RSI (Relative Strength Index) are at 2.49 and 51.9 respectively.

Currently the Insider Ownership of the shares of Western Digital Corporation (NASDAQ:WDC) is at 0.2% and the shares outstanding are 285.78 Million.

Important Ratio Analysis

Some important ratios to consider here for Western Digital Corporation (NASDAQ:WDC) are discussed below:

Dividend yield of Western Digital Corporation (NASDAQ:WDC) stands at 2.24% whereas Price to Earnings P/E ratio stands at 69.62 while Forward P/E shows the value of 7.68.

The PEG ratio (Price to Earning to Growth) emits the value of 2.67. The Price to Sale P/S and Price to Book P/B shows the value of 1.33 and 2.27 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 4 and 11.15 correspondingly.

The Quick Ratio of Western Digital Corporation (NASDAQ:WDC) stands at 2 while the Current Ratio depicts the value of 2.5.

Return on Assets ROA of Western Digital Corporation (NASDAQ:WDC) is at 1.4% whereas, Return on Equity ROE and Return of Investment ROI of Western Digital Corporation (NASDAQ:WDC) stand at 3.6% and 6.4% respectively.

The payout ratio of Western Digital Corporation (NASDAQ:WDC) stands at 147.3%.

Stock Performance Analysis

The stock performance of Western Digital Corporation (NASDAQ:WDC) on the basis of 5 day trade show the jump of 2.06% whereas, the monthly performance of the stock shows increase of 8.12%.

The quarterly performance of the stock remained in green zone with the value of 0.61% while six month performance of the shares of Western Digital Corporation (NASDAQ:WDC) remained bullish with the count of 16.7%.

The yearly and YTD performance of Western Digital Corporation (NASDAQ:WDC) remained up at 62.32% and 31.24% respectively.