Western Digital Stock Price on May 13, 2024
| WDC Stock | USD 74.16 0.62 0.84% |
Below is the normalized historical share price chart for Western Digital extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Western Digital stands at 74.16, as last reported on the 24th of May, with the highest price reaching 74.16 and the lowest price hitting 74.16 during the day.
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. Western Digital appears to be very steady, given 3 months investment horizon. Western Digital shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Western Digital, which you can use to evaluate the volatility of the company. Please utilize Western Digital's Mean Deviation of 1.83, market risk adjusted performance of 0.3538, and Downside Deviation of 1.67 to validate if our risk estimates are consistent with your expectations.
At present, Western Digital's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 3.7 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 198.1 M. . The current year's Price Earnings To Growth Ratio is expected to grow to 0.03, whereas Price To Sales Ratio is forecasted to decline to 0.56. Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 1987 | 200 Day MA 53.975 | 50 Day MA 69.408 | Beta 1.521 |
Western |
Sharpe Ratio = 0.191
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Estimated Market Risk
| 2.28 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Western Digital is performing at about 14% 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.
Price Book 2.337 | Enterprise Value Ebitda (26.36) | Price Sales 2.0897 | Shares Float 325 M | Wall Street Target Price 86.6 |
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Western Digital Valuation on May 13, 2024
It is possible to determine the worth of Western Digital on a given historical date. On May 13, 2024 Western was worth 72.08 at the beginning of the trading date compared to the closed value of 70.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Digital stock. Still, in general, we apply an absolute valuation method to find Western Digital's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Western Digital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Digital's related companies.
| Open | High | Low | Close | Volume | |
| 72.84 | 73.26 | 71.58 | 71.60 | 3,613,061 | |
05/13/2024 | 72.08 | 72.59 | 70.56 | 70.97 | 3,650,845 |
| 71.03 | 73.66 | 70.56 | 73.54 | 5,961,441 |
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Western Digital Trading Date Momentum on May 13, 2024
| On May 14 2024 Western Digital was traded for 73.54 at the closing time. Highest Western Digital's price during the trading hours was 73.66 and the lowest price during the day was 70.56 . The net volume was 6 M. The overall trading history on the 14th of May 2024 contributed to the next trading period price growth. The trading price change to the next next day price was 3.62% . The trading price change to current price is 6.38% . |
Western Digital Fundamentals Correlations and Trends
By evaluating Western Digital's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Western Digital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Western financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Western Digital Stock history
Western Digital investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Digital will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Western Digital stock prices may prove useful in developing a viable investing in Western Digital
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 365.7 M | 198.1 M | |
| Net Loss | -1.6 B | -1.5 B |
Western Digital Quarterly Net Working Capital |
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Western Digital Stock Technical Analysis
Western Digital technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Western Digital Period Price Range
Low | May 13, 2024
| High |
72.08 | 70.97 |
Western Digital May 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Digital shares will generate the highest return on investment. By undertsting and applying Western Digital stock market strength indicators, traders can identify Western Digital entry and exit signals to maximize returns
| Accumulation Distribution | 102097.0 | |||
| Daily Balance Of Power | (0.55) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 71.58 | |||
| Day Typical Price | 71.37 | |||
| Price Action Indicator | (1.16) | |||
| Period Momentum Indicator | 3.19 | |||
| Relative Strength Index | 54.03 |
Western Digital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Western Digital's price direction in advance. Along with the technical and fundamental analysis of Western Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Western to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.143 | |||
| Jensen Alpha | 0.4443 | |||
| Total Risk Alpha | 0.3328 | |||
| Sortino Ratio | 0.2799 | |||
| Treynor Ratio | 0.3438 |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 (5.07) | Revenue Per Share 36.933 | Quarterly Revenue Growth (0.41) | Return On Assets (0.03) |
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.