Wipro Ltd. ADR (NYSE: WIT) is -16.10% 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 $2.99 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $2.97, the stock is 4.17% and 0.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing -0.67% at the moment leaves the stock -8.91% off its SMA200. WIT registered 11.65% gain for a year compared to 6-month loss of -13.28%.
The stock witnessed a 4.21% gain in the last 1 month and extending the period to 3 months gives it a -18.18%, and is 2.41% up 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 2.36% over the week and 2.15% over the month.
Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $31.07B and $10.54B in sales. Current P/E ratio is 22.88 and Fwd P/E is 18.93. Profit margin for the company is 14.73%. Distance from 52-week low is 16.70% and -21.64% from its 52-week high. The company has generated returns on investments over the last 12 months (14.96%).
The EPS is expected to grow by 0.33% this year
The shares outstanding are 10.46B, and float is at 10.46B with Short Float at 0.65%.
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 0.4827 and valued at over $76.94 million, while BNP PARIBAS ARBITRAGE, SNC holds 0.4555 of the shares totaling 11.9 million with a market value of $72.61 million.
