Western Digital Stock Analysis

Western Stock Analysis Notes

About 97.0% of the company outstanding shares are owned by institutional investors. The company has Price to Book (P/B) ratio of 1.97. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Western Digital last dividend was issued on the 2nd of April 2020. The entity had 2:1 split on the 4th of June 1997. Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California. Western Digital operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 65000 people. For more information please call David Goeckeler at 408-801-1000 or visit https://www.westerndigital.com.

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Western Digital Environmental, Social, and Governance (ESG) Scores

Western Digital Thematic Classifications

Western Stock Institutional Investors

Note, although Western Digital's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Western Market Capitalization

The company currently falls under 'Large-Cap' category with a total capitalization of 22.97 B.

Western Profitablity

The company has Net Profit Margin of 0.03 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.15 %, which entails that for every 100 dollars of revenue, it generated $0.15 of operating income.

Management Efficiency

Western Digital has Return on Asset of 0.0404 % which means that on every $100 spent on assets, it made $0.0404 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0332 %, implying that it generated $0.0332 on every 100 dollars invested. Western Digital's management efficiency ratios could be used to measure how well Western Digital manages its routine affairs as well as how well it operates its assets and liabilities. As of November 25, 2024, Return On Tangible Assets is expected to decline to -0.12. In addition to that, Return On Capital Employed is expected to decline to -0.07. At present, Western Digital's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 1.6 B, whereas Total Current Assets are forecasted to decline to about 4.2 B.

Technical Drivers

As of the 25th of November, Western Digital maintains the Market Risk Adjusted Performance of 0.0603, downside deviation of 1.95, and Mean Deviation of 1.61. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Western Digital, as well as the relationship between them.

Western Digital Price Movement Analysis

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Western Digital Corporate Filings

Western Digital Forecast Models

Western Digital's time-series forecasting models are one of many Western Digital's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Western Digital's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Western Digital prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Western shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Western Digital. By using and applying Western Stock analysis, traders can create a robust methodology for identifying Western entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Western analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Western analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Western Digital stock analysis indicators help investors 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 understating and applying Western Digital stock analysis, traders can identify Western Digital position entry and exit signals to maximize returns.

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.