Wipro Ltd. ADR (NYSE: WIT) is -8.19% lower on its value in year-to-date trading and has touched a low of $2.55 and a high of $3.79 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 $3.27 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $3.25, the stock is -8.77% and -9.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.72 million and changing -0.61% at the moment leaves the stock -0.02% off its SMA200. WIT registered 5.52% gain for a year compared to 6-month gain of 2.20%.
The stock witnessed a -11.68% loss in the last 1 month and extending the period to 3 months gives it a -8.45%, and is -4.69% 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 2.19% over the week and 1.65% over the month.
Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $33.99B and $10.61B in sales. Current P/E ratio is 30.43 and Fwd P/E is 21.52. Profit margin for the company is 13.96%. Distance from 52-week low is 27.70% and -14.25% from its 52-week high. The company has generated returns on investments over the last 12 months (14.02%).
with sales reaching $225.66B over the same period.The EPS is expected to grow by 13.43% this year, but quarterly earnings will post -0.50% year-over-year. Quarterly sales are estimated to grow 1.61% in year-over-year returns.
Wipro Ltd. ADR (WIT) Top Institutional Holders
The shares outstanding are 10.46B, and float is at 10.46B with Short Float at 0.45%.
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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Wipro Ltd. ADR (WIT): Who are the competitors?
The company’s main competitors (and peers) include Accenture PLC Cl A (ACN) that is trading -10.09% down over the past 12 months. HP Inc. (HPQ) that is 3.37% higher over the same period.
