Wipro Ltd. ADR (NYSE: WIT) is -18.64% 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 $2.89 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.88, the stock is -0.89% and -0.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.38 million and changing -0.35% at the moment leaves the stock -11.58% off its SMA200. WIT registered 7.26% gain for a year compared to 6-month loss of -18.53%. The firm has a 50-day simple moving average (SMA 50) of $2.9066 and a 200-day simple moving average (SMA200) of $3.257225.
The stock witnessed a 0.70% gain in the last 1 month and extending the period to 3 months gives it a -11.93%, and is 1.05% 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 1.28% over the week and 1.82% over the month.
Wipro Ltd. ADR (WIT) has around 230000 employees, a market worth around $30.15B 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 13.16% and -24.01% from its 52-week high. The company has generated returns on investments over the last 12 months (14.51%).
with sales reaching $219.23B over the same period.The EPS is expected to grow by 0.64% this year, but quarterly earnings will post 0.45% year-over-year. Quarterly sales are estimated to shrink -0.18% 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 3.31% of the company’s shares. The shares outstanding are 10.47B, and float is at 10.47B with Short Float at 0.68%. Institutions hold 3.31% 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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