WDC trades at a discount to median estimates

Of the 31 analysts tracking Western Digital (WDC), 22 have recommended “buys,” nine have recommended “holds,” and none have recommended “sells” on its stock. Their 12-month average price target for WDC is $115.73, and their median estimate is $115.

WDC is trading at a discount of ~49% to analysts’ median estimate. Their low estimate for WDC stock is $90, and their high estimate is $150.

No Analysts Have Recommended ‘Sells’ for Western Digital

Stock returns

WDC has generated a return of -2% so far in 2018. The stock has generated returns of -17% in the trailing 12 months, -1.8% in the trailing month, and -0.5% in the trailing five trading days. WDC shares rose close to 20% in 2017 and 17% in 2017. Its storage peers IBM (IBM), Hewlett Packard Enterprise (HPE), Seagate Technology (STX), and NetApp (NTAP) have generated returns of -2.4%, 10.5%, 40%, and 49%, respectively, in 2018.

Moving averages

On July 26, WDC closed at $77.09. Based on that price, the stock was trading as follows:

  • 10% below its 100-day moving average of $85.64
  • 5% below its 50-day moving average of $81.20
  • 0.9% below its 20-day moving average of $77.77

WDC stock is trading 3% above its 52-week low of $74.81 and 28% below its 52-week high of $106.96.

Moving average convergence divergence

WDC’s 14-day MACD (moving average convergence divergence) is -1.13. A stock’s MACD marks the difference between its short- and long-term moving averages. A negative MACD indicates a downward trading trend.

WDC’s 14-day RSI (relative strength index) score of 47 suggests that it’s trading close to oversold territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that it has been oversold.

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