Wipro Ltd. ADR (NYSE: WIT) is -9.86% lower on its value in year-to-date trading and has touched a low of $2.63 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 $2.91 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.88, the stock is -4.78% and -2.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.15 million and changing -1.03% at the moment leaves the stock -11.01% off its SMA200. WIT registered -18.64% loss for a year compared to 6-month loss of -17.95%. The firm has a 50-day simple moving average (SMA 50) of $2.9538 and a 200-day simple moving average (SMA200) of $3.2364.
The stock witnessed a -4.00% gain in the last 1 month and extending the period to 3 months gives it a 1.41%, and is -6.49% 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 2.14% over the week and 1.58% over the month.
Wipro Ltd. ADR (WIT) has around 230000 employees, a market worth around $30.16B and $10.54B in sales. Current P/E ratio is 22.19 and Fwd P/E is 18.30. Profit margin for the company is 14.73%. Distance from 52-week low is 9.51% and -24.01% from its 52-week high. The company has generated returns on investments over the last 12 months (14.51%).
The EPS is expected to grow by 1.08% this year.
Wipro Ltd. ADR (WIT) Top Institutional Holders
391.0 institutions hold shares in Wipro Ltd. ADR (WIT), with institutional investors hold 3.30% of the company’s shares. The shares outstanding are 10.47B, and float is at 10.47B with Short Float at 0.69%. Institutions hold 3.30% 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 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.
Wipro Ltd. ADR (WIT) Insider Activity
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