Wipro Ltd. ADR (WIT) Outlook Starting To Look Brighter?

Wipro Ltd. ADR (WIT) concluded trading on Wednesday at a closing price of $2.86, with 6.19 million shares of worth about $17.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.76% during that period and on Wednesday the price saw a loss of about -1.38%. Currently the company’s common shares owned by public are about 10.47B shares, out of which, 10.47B shares are available for trading.

Stock saw a price change of -1.72% in past 5 days and over the past one month there was a price change of 0.70%. Year-to-date (YTD), WIT shares are showing a performance of -19.21% which increased to 4.76% 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 $3.79 during that period. The average intraday trading volume for Wipro Ltd. ADR shares is 6.16 million. The stock is currently trading -1.50% below its 20-day simple moving average (SMA20), while that difference is down -1.81% for SMA50 and it goes to -12.20% lower than SMA200.

Wipro Ltd. ADR (NYSE: WIT) currently have 10.47B outstanding shares and institutions hold larger chunk of about 3.31% of that.

The stock has a current market capitalization of $29.93B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 22.03, while it has posted earnings per share of $0.13 in the same period. Its PEG reads 5.91 and has Quick Ratio of 2.70 while making debt-to-equity ratio of 0.23. 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 1.47% while standing at 1.80% over the month.

Stock’s fiscal year EPS is expected to rise by 0.49% while it is estimated to increase by 6.47% in next year. EPS is likely to shrink at an annualized rate of 3.73% for next 5-years, compared to annual growth of 4.81% made by the stock over the past 5-years. Stock get a Buy rating from Nomura on July 02, 2024.

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