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WDC
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
15.31B

WDC Western Digital Corp Forecast, Technical & Fundamental Analysis

a hard drive manufacturer

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for WDC with price predictions
07:00 PM EST Nov 29, 2023

WDC's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for WDC turned positive on November 06, 2023. Looking at past instances where WDC's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on WDC as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

WDC moved above its 50-day moving average on November 09, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for WDC crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WDC advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 225 cases where WDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

WDC broke above its upper Bollinger Band on November 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 significantly overvalued 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 (1.503) is normal, around the industry mean (4.467). P/E Ratio (15.244) is within average values for comparable stocks, (60.497). WDC's Projected Growth (PEG Ratio) (490.332) is very high in comparison to the industry average of (57.090). WDC's Dividend Yield (0.000) is considerably lower than the industry average of (0.036). P/S Ratio (1.323) is also within normal values, averaging (9.813).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), NetApp (NASDAQ:NTAP), Seagate Technology Holdings PLC (NASDAQ:STX), 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 5.77B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. 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 0%. For the same Industry, the average monthly price growth was 13%, and the average quarterly price growth was 0%. NTAP experienced the highest price growth at 17%, while MKFG experienced the biggest fall at -14%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was -35% and the average quarterly volume growth was -46%

Fundamental Analysis Ratings

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

Valuation Rating: 49
P/E Growth Rating: 63
Price Growth Rating: 57
SMR Rating: 72
Profit Risk Rating: 85
Seasonality Score: -10 (-100 ... +100)
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A.I. Advisor
published Earnings

WDC is expected to report earnings to fall 34.09% to -115 cents per share on January 25

Western Digital Corp WDC Stock Earnings Reports
Q4'23
Est.
$-1.16
Q3'23
Beat
by $0.15
Q2'23
Beat
by $0.04
Q1'23
Beat
by $0.20
Q4'22
Missed
by $0.28
The last earnings report on October 30 showed earnings per share of -175 cents, beating the estimate of -190 cents. With 8.62M shares outstanding, the current market capitalization sits at 15.31B.
A.I.Advisor
published Dividends

WDC paid dividends on April 17, 2020

Western Digital Corp WDC Stock Dividends
А 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...
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
53000
Web
https://www.wdc.com
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WDC and

Correlation & Price change

A.I.dvisor indicates that over the last year, WDC has been closely correlated with STX. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high 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%
+2.09%
STX - WDC
72%
Closely correlated
+0.79%
HPQ - WDC
49%
Loosely correlated
+0.93%
NTAP - WDC
44%
Loosely correlated
+2.07%
DDD - WDC
40%
Loosely correlated
+0.19%
DELL - WDC
40%
Loosely correlated
+1.17%
More

Groups containing WDC

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WDC
1D Price
Change %
WDC100%
+2.09%
WDC
(undefined stocks)
84%
Closely correlated
+1.65%
peripheral
(undefined stocks)
60%
Loosely correlated
-0.06%
storage
(undefined stocks)
58%
Loosely correlated
+1.57%
communication
(undefined stocks)
53%
Loosely correlated
-0.33%
semiconductors
(undefined stocks)
53%
Loosely correlated
-0.73%
More