The price-to-earnings ratio for Wipro Limited (NYSE: WIT) is above average at 18.92x, while the 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 17 as “hold,” and 8 as “sell.”
The average price point forecasted by analysts for Wipro Limited (WIT) is $4.74, which is -$0.69 below the current market price. The public float for WIT is 1.48B, and currently, short sellers hold a 1.14% ratio of that floaft. The average trading volume of WIT on May 26, 2023 was 1.82M shares.
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WIT) stock’s latest price update
Wipro Limited (NYSE: WIT) has seen a rise in its stock price by 2.43 in relation to its previous close of 4.73. However, the company has experienced a 3.97% gain in its stock price over the last five trading sessions.
WIT’s Market Performance
WIT’s stock has risen by 3.97% in the past week, with a monthly rise of 3.30% and a quarterly rise of 3.75%. The volatility ratio for the week is 1.01% while the volatility levels for the last 30 days are 1.12% for Wipro Limited The simple moving average for the last 20 days is 3.51% for WIT stock, with a simple moving average of 1.08% for the last 200 days.
WIT Trading at 6.48% 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 -21.60% of loss for the given period.
Volatility was left at 1.12%, however, over the last 30 days, the volatility rate increased by 1.01%, as shares surge +3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.30% upper at present.
During the last 5 trading sessions, WIT rose by +4.17%, which changed the moving average for the period of 200-days by -11.26% in comparison to the 20-day moving average, which settled at $4.69. In addition, Wipro Limited saw 3.97% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WIT
Current profitability levels for the company are sitting at:
- +14.93 for the present operating margin
- +28.67 for the gross margin
The net margin for Wipro Limited stands at +12.54. Equity return is now at value 16.00, with 10.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.47.
Conclusion
In a nutshell, Wipro Limited (WIT) has experienced a better performance in recent times. The stock has received mixed “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.
