Wipro Ltd. ADR (WIT) Stock Could Soon Reward Patient Investors

Wipro Ltd. ADR (NYSE: WIT) is 20.65% higher on its value in year-to-date trading and has touched a low of $4.63 and a high of $7.04 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 $6.79 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $6.72, the stock is 0.43% and 2.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.83 million and changing -1.03% at the moment leaves the stock 11.37% off its SMA200. WIT registered 43.59% gain for a year compared to 6-month gain of 24.68%. The firm has a 50-day simple moving average (SMA 50) of $6.5384 and a 200-day simple moving average (SMA200) of $6.0339.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 5.83% loss in the last 1 month and extending the period to 3 months gives it a 9.27%, and is -1.90% down 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 1.37% over the week and 1.33% over the month.

Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $35.12B and $10.64B in sales. Current P/E ratio is 24.99 and Fwd P/E is 22.46. Profit margin for the company is 13.24%. Distance from 52-week low is 45.14% and -4.55% from its 52-week high. The company has generated returns on investments over the last 12 months (13.11%).

with sales reaching $223.17B over the same period.The EPS is expected to grow by 10.76% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.

Wipro Ltd. ADR (WIT) Top Institutional Holders

304.0 institutions hold shares in Wipro Ltd. ADR (WIT), with institutional investors hold 2.94% of the company’s shares. The shares outstanding are 5.23B, and float is at 5.23B with Short Float at 0.58%. Institutions hold 2.94% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 27.13 million shares valued at $165.51 million. The investor’s holdings represent 0.5114% of the WIT Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 15.7 million shares valued at $95.77 million to account for 0.2959 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 12.61 million shares representing 0.2377% and valued at over $76.94 million, while BNP PARIBAS ARBITRAGE, SNC holds 0.2244 of the shares totaling 11.9 million with a market value of $72.61 million.