Wipro Ltd. ADR (NYSE: WIT) is -13.56% 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 $3.03 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $3.06, the stock is -1.80% and -10.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.8 million and changing 0.99% at the moment leaves the stock -7.07% off its SMA200. WIT registered 7.37% gain for a year compared to 6-month loss of -7.27%. The firm has a 50-day simple moving average (SMA 50) of $3.4008 and a 200-day simple moving average (SMA200) of $5.3081.
The stock witnessed a -6.42% gain in the last 1 month and extending the period to 3 months gives it a -15.24%, and is -2.24% 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 1.93% over the week and 1.99% over the month.
Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $32.01B and $10.61B in sales. Current P/E ratio is 28.65 and Fwd P/E is 20.33. Profit margin for the company is 13.96%. Distance from 52-week low is 20.24% and -19.26% from its 52-week high. The company has generated returns on investments over the last 12 months (14.02%).
with sales reaching $225.63B over the same period.The EPS is expected to grow by 13.84% this year, but quarterly earnings will post -0.44% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.
Wipro Ltd. ADR (WIT) Top Institutional Holders
378.0 institutions hold shares in Wipro Ltd. ADR (WIT), with institutional investors hold 2.93% of the company’s shares. The shares outstanding are 10.46B, and float is at 10.46B with Short Float at 0.51%. Institutions hold 2.93% 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 1.0384% 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 0.6008 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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