Is Wipro Ltd. ADR (NYSE: WIT) Proving The Doubters Wrong?

Wipro Ltd. ADR (WIT) concluded trading on Thursday at a closing price of $6.35, with 3.32 million shares of worth about $21.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.06% during that period and on October 17, 2024 the price saw a loss of about -1.09%. Currently the company’s common shares owned by public are about 5.23B shares, out of which, 5.23B shares are available for trading.

Stock saw a price change of 1.28% in past 5 days and over the past one month there was a price change of -0.31%. Year-to-date (YTD), WIT shares are showing a performance of 14.00% which increased to 30.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.48 but also hit the highest price of $7.01 during that period. The average intraday trading volume for Wipro Ltd. ADR shares is 1.88 million. The stock is currently trading -1.42% below its 20-day simple moving average (SMA20), while that difference is up 0.75% for SMA50 and it goes to 7.21% higher than SMA200.

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Wipro Ltd. ADR (NYSE: WIT) currently have 5.23B outstanding shares and institutions hold larger chunk of about 3.11% of that.

The stock has a current market capitalization of $33.18B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 24.73, while it has posted earnings per share of $0.26 in the same period. Its PEG reads 4.51 and has Quick Ratio of 2.69 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WIT, volatility over the week remained 1.90% while standing at 1.51% over the month.

Stock’s fiscal year EPS is expected to rise by 9.70% while it is estimated to increase by 9.54% in next year. EPS is likely to grow at an annualized rate of 5.48% for next 5-years, compared to annual growth of 3.32% made by the stock over the past 5-years.

Stock get an Underweight rating from JP Morgan on May 23, 2023.

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