Wipro Ltd. ADR (NYSE: WIT) is -1.98% lower on its value in year-to-date trading and has touched a low of $2.55 and a high of $3.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WIT stock was last observed hovering at around $3.50 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $3.47, the stock is -3.78% and -0.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.84 million and changing -0.86% at the moment leaves the stock 11.90% off its SMA200. WIT registered 29.72% gain for a year compared to 6-month gain of 8.27%. The firm has a 50-day simple moving average (SMA 50) of $5.8164 and a 200-day simple moving average (SMA200) of $5.9074.
The stock witnessed a -2.53% loss in the last 1 month and extending the period to 3 months gives it a 7.76%, and is -4.93% 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 1.63% over the week and 1.94% over the month.
Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $36.29B and $10.64B in sales. Current P/E ratio is 51.64 and Fwd P/E is 23.38. Profit margin for the company is 13.24%. Distance from 52-week low is 36.35% and -7.47% from its 52-week high. The company has generated returns on investments over the last 12 months (13.11%).
The EPS is expected to grow by 10.67% this year.
Wipro Ltd. ADR (WIT) Top Institutional Holders
307.0 institutions hold shares in Wipro Ltd. ADR (WIT), with institutional investors hold 2.96% of the company’s shares. The shares outstanding are 20.90B, and float is at 10.46B with Short Float at 0.44%. Institutions hold 2.96% 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.
Wipro Ltd. ADR (WIT) Insider Activity
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