Wipro Ltd. ADR (NYSE: WIT) is -19.49% 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 $2.90 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.85, the stock is -1.71% and -2.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.8 million and changing -1.72% at the moment leaves the stock -12.52% off its SMA200. WIT registered 5.75% gain for a year compared to 6-month loss of -14.93%. The firm has a 50-day simple moving average (SMA 50) of $2.9232 and a 200-day simple moving average (SMA200) of $3.25795.
The stock witnessed a 0.71% gain in the last 1 month and extending the period to 3 months gives it a -18.10%, and is -5.00% 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 0.72% over the week and 1.77% over the month.
Wipro Ltd. ADR (WIT) has around 234000 employees, a market worth around $29.82B and $10.54B in sales. Current P/E ratio is 21.96 and Fwd P/E is 18.16. Profit margin for the company is 14.73%. Distance from 52-week low is 11.98% and -24.80% 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 0.49% 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 VANGUARD GROUP INC with 12.61 million shares valued at $76.94 million to account for 0.4827 of the shares outstanding. The other top investors are BNP PARIBAS ARBITRAGE, SNC which holds 11.9 million shares representing 0.4555 and valued at over $72.61 million, while STATE STREET CORP holds 0.411 of the shares totaling 10.74 million with a market value of $65.51 million.
