Wipro Ltd. ADR (NYSE: WIT) – Not A Clear Buying Opportunity?

Wipro Ltd. ADR (WIT) concluded trading on Wednesday at a closing price of $3.44, with 4.32 million shares of worth about $14.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.84% during that period and on January 15, 2025 the price saw a gain of about 1.18%. Currently the company’s common shares owned by public are about 20.90B shares, out of which, 10.46B shares are available for trading.

Stock saw a price change of -0.58% in past 5 days and over the past one month there was a price change of -5.49%. Year-to-date (YTD), WIT shares are showing a performance of -2.82% which increased to 9.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.55 but also hit the highest price of $3.75 during that period. The average intraday trading volume for Wipro Ltd. ADR shares is 4.77 million. The stock is currently trading -3.44% below its 20-day simple moving average (SMA20), while that difference is down -1.94% for SMA50 and it goes to 10.29% higher than SMA200.

Wipro Ltd. ADR (NYSE: WIT) currently have 20.90B outstanding shares and institutions hold larger chunk of about 2.96% of that.

The stock has a current market capitalization of $35.98B and its 3Y-monthly beta is at 0.92. PE ratio of stock for trailing 12 months is 51.19, while it has posted earnings per share of $0.07 in the same period. Its PEG reads 6.98 and has Quick Ratio of 2.67 while making debt-to-equity ratio of 0.24. 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 1.78% while standing at 1.75% over the month.

Stock’s fiscal year EPS is expected to rise by 10.60% while it is estimated to increase by 7.38% in next year. EPS is likely to grow at an annualized rate of 7.34% for next 5-years, compared to annual growth of 3.32% made by the stock over the past 5-years.

Stock get an Underperform rating from Exane BNP Paribas on January 17, 2024.

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