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Sandisk shares hold after 56% drop amid slowing NAND price gains and weak volume outlook.

Market News
06 Nov 2026, 16:18 WIB
Seeking Alpha
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Bearish
Sandisk shares hold after 56% drop amid slowing NAND price gains and weak volume outlook.

Sandisk Corporation's stock is rated Hold following a 56% decline, trading below 5 times earnings. The company faces challenges as NAND price increases slow and second-half volume is expected to underperform consensus estimates. To meet expectations, Sandisk would need a 20% revenue-per-bit increase in the second half, which seems unlikely given current pricing and product mix trends. Despite being oversold and cheap, Sandisk's valuation aligns with peers, reflecting broader sector concerns rather than company-specific issues.

SanDisk stock trades at USD 880.32 on Pluang, showing a 9.16% gain as of Nov 06, 2026 21:31 WIB. The stock's market cap stands at $114.75B with a 52-week low of $194.38 and high of $2.34K. Pluang users have a nearly even split in order activity, with 49% selling and 51% buying, reflecting mixed sentiment amid sector challenges.

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