+Compare
WDC
Stock ticker:
NASDAQ
AS OF
Jul 1 closing price
Price
$43.42
Change
-$1.41 (-3.15%)
Capitalization
13.6B

WDC Price Prediction, Western Digital Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

WDC in downward trend: 10-day moving average moved below 50-day moving average on June 16, 2022

The 10-day moving average for WDC crossed bearishly below the 50-day moving average on June 16, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 82%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 09, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on WDC as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for WDC turned negative on June 03, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

WDC moved below its 50-day moving average on June 10, 2022 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WDC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WDC advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .

WDC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.135) is normal, around the industry mean (4.335). P/E Ratio (7.485) is within average values for comparable stocks, (29.802). Projected Growth (PEG Ratio) (0.292) is also within normal values, averaging (1.492). WDC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.713) is also within normal values, averaging (46.951).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WDC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WDC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

WDC is expected to report earnings to rise 6.06% to $1.75 per share on August 04

Western Digital Corp WDC Stock Earnings Reports
Q2'22
Est.
$1.75
Q1'22
Beat
by $0.16
Q4'21
Beat
by $0.17
Q3'21
Beat
by $0.04
Q2'21
Beat
by $0.65
The last earnings report on April 28 showed earnings per share of $1.65, beating the estimate of $1.49. With 6.02M shares outstanding, the current market capitalization sits at 13.60B.
AI
A.I.Advisor
published Dividends

WDC paid dividends on April 17, 2020

Western Digital Corp WDC Stock Dividends
А quarterly dividend of $0.50 per share was paid with a record date of April 17, 2020, and an ex-dividend date of April 02, 2020. Read more...
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are HP (NYSE:HPQ), Dell Technologies (NYSE:DELL), Arista Networks (NYSE:ANET), Seagate Technology Holdings PLC (NASDAQ:STX), NetApp (NASDAQ:NTAP), Western Digital Corp (NASDAQ:WDC), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 3.89B. The market cap for tickers in the group ranges from 1.2K to 268.83B. ADTEF holds the highest valuation in this group at 268.83B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was -5%. For the same Industry, the average monthly price growth was -11%, and the average quarterly price growth was -29%. TBIIF experienced the highest price growth at 18%, while DLGCF experienced the biggest fall at -68%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -60%. For the same stocks of the Industry, the average monthly volume growth was -17% and the average quarterly volume growth was -40%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 73
Price Growth Rating: 73
SMR Rating: 46
Profit Risk Rating: 86
Seasonality Score: -17 (-100 ... +100)
AI

View a ticker or compare two or three

AI
A.I. Advisor
published General Information

General Information

a hard drive manufacturer

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Computer Peripherals
Address
5601 Great Oaks Parkway
Phone
+1 408 717-6000
Employees
65600
Web
https://www.wdc.com

Interesting Tickers

1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
AVAV85.913.71
+4.51%
AeroVironment
NMR3.650.07
+1.96%
Nomura Holdings
BKYI1.800.03
+1.69%
BIO-key International
LVOX1.64-0.02
-1.20%
LiveVox Holdings
DAO4.86-0.06
-1.22%
Youdao

WDC and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, WDC has been loosely correlated with STX. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if WDC jumps, then STX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WDC
1D Price
Change %
WDC100%
-3.15%
STX - WDC
64%
Loosely correlated
-3.29%
NTAP - WDC
50%
Loosely correlated
-3.77%
HPQ - WDC
48%
Loosely correlated
-2.78%
DELL - WDC
48%
Loosely correlated
-7.51%
CRSR - WDC
46%
Loosely correlated
+0.61%
More