Wipro Ltd. ADR (NYSE: WIT) is -14.37% 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 $2.97 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $2.95, the stock is -2.22% and -0.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.71 million and changing -0.67% at the moment leaves the stock -8.61% off its SMA200. WIT registered -16.67% loss for a year compared to 6-month loss of -14.24%. The firm has a 50-day simple moving average (SMA 50) of $2.9656 and a 200-day simple moving average (SMA200) of $3.227975.
The stock witnessed a -0.67% gain in the last 1 month and extending the period to 3 months gives it a 8.46%, and is 1.72% 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 1.82% over the week and 1.63% over the month.
Wipro Ltd. ADR (WIT) has around 230000 employees, a market worth around $30.89B and $10.49B in sales. Current P/E ratio is 22.26 and Fwd P/E is 18.95. Profit margin for the company is 15.08%. Distance from 52-week low is 12.17% and -22.16% from its 52-week high. The company has generated returns on investments over the last 12 months (15.66%).
with sales reaching $223.5B over the same period.The EPS is expected to grow by 0.59% this year, but quarterly earnings will post 1.14% year-over-year. Quarterly sales are estimated to grow 0.22% in year-over-year returns.
Wipro Ltd. ADR (WIT) Top Institutional Holders
389.0 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.
