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Can Wipro Limited (WIT) Remain Competitive?

Wipro Limited (NYSE:WIT) went up by 4.05% from its latest closing price compared to the recent 1-year high of $9.85. The company’s stock price has collected -3.41% of loss in the last five trading sessions.

Is It Worth Investing in Wipro Limited (NYSE :WIT) Right Now?

Wipro Limited (NYSE:WIT) scored a price-to-earnings ratio above its average ratio, recording 19.09 x from its present earnings ratio. Plus, the 36-month beta value for WIT is at 0.81. Opinions of the stock are interesting as 5 analysts out of 43 who provided ratings for Wipro Limited declared the stock was a “buy,” while 4 rated the stock as “overweight,” 14 rated it as “hold,” and 10 as “sell.”

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The average price from analysts is $4.98, which is -$0.63 below the current price. WIT currently public float of 5.47B and currently shorts hold a 0.25% ratio of that float. Today, the average trading volume of WIT was 3.00M shares.

WIT’s Market Performance

WIT stocks went down by -3.41% for the week, with a monthly jump of 2.34% and a quarterly performance of -7.50%, while its annual performance rate touched -45.03%. The volatility ratio for the week stands at 1.16% while the volatility levels for the past 30 days are set at 1.77% for Wipro Limited. The simple moving average for the period of the last 20 days is 3.72% for WIT stocks with a simple moving average of -14.78% for the last 200 days.

Analysts’ Opinion of WIT

Goldman, on the other hand, stated in their research note that they expect to see WIT reach a price target of $4.87. The rating they have provided for WIT stocks is “Buy” according to the report published on September 13th, 2022.

WIT Trading at 4.51% from the 50-Day Moving Average

After a stumble in the market that brought WIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.21% of loss for the given period.

Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.16%, as shares surge +6.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.38% lower at present.

During the last 5 trading sessions, WIT rose by +1.21%, which changed the moving average for the period of 200-days by -34.64% in comparison to the 20-day moving average, which settled at $4.84. In addition, Wipro Limited saw -50.72% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for WIT

Current profitability levels for the company are sitting at:

  • +16.91 for the present operating margin
  • +29.72 for the gross margin

The net margin for Wipro Limited stands at +15.45. The total capital return value is set at 17.91, while invested capital returns managed to touch 18.74. Equity return is now at value 16.60, with 10.40 for asset returns.

Based on Wipro Limited (WIT), the company’s capital structure generated 26.73 points at debt to equity in total, while total debt to capital is 21.09. Total debt to assets is 16.30, with long-term debt to equity ratio resting at 10.88. Finally, the long-term debt to capital ratio is 8.59.

When we switch over and look at the enterprise to sales, we see a ratio of 2.30, with the company’s debt to enterprise value settled at 0.06. The receivables turnover for the company is 4.48 and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.