Assessing the Risk and Potential of Wipro Ltd. ADR’s (WIT) Stock

The stock of Wipro Ltd. ADR (WIT) has seen a -0.09% decrease in the past week, with a -8.78% drop in the past month, and a 1.71% flourish in the past quarter. The volatility ratio for the week is 1.26%, and the volatility levels for the past 30 days are at 1.32% for WIT. The simple moving average for the last 20 days is -4.98% for WIT stock, with a simple moving average of 8.92% for the last 200 days.

Is It Worth Investing in Wipro Ltd. ADR (NYSE: WIT) Right Now?

Wipro Ltd. ADR (NYSE: WIT) has a higher price-to-earnings ratio of 22.36x compared to its average ratio, The 36-month beta value for WIT is at 0.86. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 1 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for WIT is 5.22B, and currently, shorts hold a 0.25% of that float. The average trading volume for WIT on April 02, 2024 was 2.51M shares.

WIT) stock’s latest price update

Wipro Ltd. ADR (NYSE: WIT)’s stock price has increased by 0.09 compared to its previous closing price of 5.66. However, the company has seen a -0.09% decrease in its stock price over the last five trading sessions. Reuters reported 2024-03-26 that Wipro GE Healthcare, a joint venture of India’s Wipro Enterprises and a wholly owned entity of U.S.-based GE Healthcare, said it would invest 80 billion rupees ($960 million) in the country in its manufacturing and research and development facilities.

Analysts’ Opinion of WIT

Many brokerage firms have already submitted their reports for WIT stocks, with Exane BNP Paribas repeating the rating for WIT by listing it as a “Underperform.” The predicted price for WIT in the upcoming period, according to Exane BNP Paribas is $5.20 based on the research report published on January 17, 2024 of the current year 2024.

JP Morgan gave a rating of “Underweight” to WIT, setting the target price at $4.30 in the report published on May 23rd of the previous year.

WIT Trading at -5.12% 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 -12.17% of loss for the given period.

Volatility was left at 1.32%, however, over the last 30 days, the volatility rate increased by 1.26%, as shares sank -9.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.16% lower at present.

During the last 5 trading sessions, WIT fell by -0.26%, which changed the moving average for the period of 200-days by +20.06% in comparison to the 20-day moving average, which settled at $5.93. In addition, Wipro Ltd. ADR saw 1.71% 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:

  • 0.16 for the present operating margin
  • 0.3 for the gross margin

The net margin for Wipro Ltd. ADR stands at 0.13. The total capital return value is set at 0.17. Equity return is now at value 16.25, with 9.90 for asset returns.

Based on Wipro Ltd. ADR (WIT), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.88. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 12.04.

Currently, EBITDA for the company is 153.26 billion with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 2.77. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.

Conclusion

In conclusion, Wipro Ltd. ADR (WIT) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.

Related Posts