Wipro Ltd. ADR (WIT) – key numbers that make it a Strong Buy For Now

Wipro Ltd. ADR (NYSE: WIT) is 15.08% higher on its value in year-to-date trading and has touched a low of $4.48 and a high of $6.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WIT stock was last observed hovering at around $6.38 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $6.41, the stock is 9.43% and 15.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.47% at the moment leaves the stock 18.46% off its SMA200. WIT registered 34.66% gain for a year compared to 6-month loss of 19.81%.

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The stock witnessed a 20.26% gain in the last 1 month and extending the period to 3 months gives it a 11.28%, and is 5.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.08% over the week and 1.29% over the month.

Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $33.49B and $10.84B in sales. Current P/E ratio is 25.60 and Fwd P/E is 21.02. Profit margin for the company is 12.31%. Distance from 52-week low is 43.08% and -0.62% from its 52-week high. The company has generated returns on investments over the last 12 months (13.47%).

The EPS is expected to grow by 10.51% this year.