Currently, there are 20.90B common shares owned by the public and among those 20.90B shares have been available to trade.
The company’s stock has a 5-day price change of 2.21% and 16.17% over the past three months. WIT shares are trading 32.85% year to date (YTD), with the 12-month market performance up to 40.15% higher. It has a 12-month low price of $2.55 and touched a high of $3.75 over the same period. WIT has an average intraday trading volume of 4.75 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.12%, 8.65%, and 20.59% respectively.
Institutional ownership of Wipro Ltd. ADR (NYSE: WIT) shares accounts for 1.47% of the company’s 20.90B shares outstanding.
It has a market capitalization of $77.35B and a beta (3y monthly) value of 0.92. The stock’s trailing 12-month PE ratio is 55.06, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 9.95 and a Quick Ratio of 2.67 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 1.68% over the month.
Earnings per share for the fiscal year are expected to increase by 10.65%, and 7.89% over the next financial year. EPS should grow at an annualized rate of 5.53% over the next five years, compared to 3.32% over the past 5-year period.
Nomura was of a view on July 02, 2024 that the stock is Buy, while Exane BNP Paribas gave the stock Underperform rating on January 17, 2024, issuing a price target of $5.20. Goldman on their part issued Sell rating on August 22, 2023.
