Wipro Ltd. ADR (NYSE: WIT) has a price-to-earnings ratio of 21.92x that is above its average ratio. Additionally, the 36-month beta value for WIT is 0.88. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
The public float for WIT is 5.23B and currently, short sellers hold a 0.44% ratio of that float. The average trading volume of WIT on May 08, 2024 was 2.82M shares.
WIT) stock’s latest price update
Wipro Ltd. ADR (NYSE: WIT)’s stock price has plunge by 0.37relation to previous closing price of 5.47. Nevertheless, the company has seen a 1.86% surge in its stock price over the last five trading sessions. CNBC International TV reported 2024-04-22 that Aparna Iyer of the Indian IT services firm discusses uncertainty in markets and the company’s strategy and business outlook.
WIT’s Market Performance
Wipro Ltd. ADR (WIT) has seen a 1.86% rise in stock performance for the week, with a -2.31% decline in the past month and a -7.58% plunge in the past quarter. The volatility ratio for the week is 1.09%, and the volatility levels for the past 30 days are at 1.59% for WIT. The simple moving average for the past 20 days is 1.30% for WIT’s stock, with a 3.77% simple moving average for the past 200 days.
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 -4.44% 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 -14.88% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.09%, as shares sank -3.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.13% lower at present.
During the last 5 trading sessions, WIT rose by +1.86%, which changed the moving average for the period of 200-days by +10.91% in comparison to the 20-day moving average, which settled at $5.41. In addition, Wipro Ltd. ADR saw -1.44% 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:
- 0.15 for the present operating margin
- 0.3 for the gross margin
The net margin for Wipro Ltd. ADR stands at 0.12. The total capital return value is set at 0.15. Equity return is now at value 14.43, with 9.49 for asset returns.
Based on Wipro Ltd. ADR (WIT), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.13. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 22.22.
Currently, EBITDA for the company is 162.0 billion with net debt to EBITDA at 0.36. When we switch over and look at the enterprise to sales, we see a ratio of 2.73. The receivables turnover for the company is 4.51for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
In conclusion, Wipro Ltd. ADR (WIT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
