What should you know before buying stock in Wipro Ltd. ADR (WIT)

Wipro Ltd. ADR (NYSE: WIT) is -10.17% 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 $3.26 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $3.18, the stock is -7.87% and -9.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.64 million and changing -2.45% at the moment leaves the stock -2.58% off its SMA200. WIT registered 4.26% gain for a year compared to 6-month gain of 0.95%.

The stock witnessed a -14.05% loss in the last 1 month and extending the period to 3 months gives it a -10.67%, and is -2.15% 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 1.90% over the week and 1.73% over the month.

Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $33.26B and $10.61B in sales. Current P/E ratio is 29.78 and Fwd P/E is 21.05. Profit margin for the company is 13.96%. Distance from 52-week low is 24.95% and -16.09% from its 52-week high. The company has generated returns on investments over the last 12 months (14.02%).

The EPS is expected to grow by 13.48% this year.

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.