Wipro Limited (NYSE: WIT)’s stock price has decreased by -2.58 compared to its previous closing price of 4.66. Nevertheless, the company has seen a loss of -5.81% in its stock price over the last five trading days.
Is It Worth Investing in Wipro Limited (NYSE: WIT) Right Now?
The price-to-earnings ratio for Wipro Limited (NYSE: WIT) is 17.94x, which is above its average ratio. Moreover, the 36-month beta value for WIT is 0.85. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 17 as “hold,” and 9 as “sell.”
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The average price recommended by analysts for Wipro Limited (WIT) is $5.06, which is -$0.22 below the current market price. The public float for WIT is 1.48B and currently, short sellers hold a 0.31% of that float. On March 16, 2023, WIT’s average trading volume was 2.38M shares.
WIT’s Market Performance
The stock of Wipro Limited (WIT) has seen a -5.81% decrease in the past week, with a -6.97% drop in the past month, and a -5.42% fall in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 1.49% for WIT. The simple moving average for the last 20 days is -4.80% for WIT stock, with a simple moving average of -9.62% 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 -5.93% 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 -43.74% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.58% lower at present.
During the last 5 trading sessions, WIT fell by -5.81%, which changed the moving average for the period of 200-days by -23.57% in comparison to the 20-day moving average, which settled at $4.75. In addition, Wipro Limited saw -2.58% 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 16.10, with 10.10 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 2.21, 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.
Conclusion
To wrap up, the performance of Wipro Limited (WIT) has been bad in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
