The stock of Wipro Ltd. ADR (WIT) has seen a 1.86% increase in the past week, with a 2.33% gain in the past month, and a 2.49% flourish in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 1.34% for WIT. The simple moving average for the past 20 days is 2.73% for WIT’s stock, with a 12.41% simple moving average for the past 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 25.62x compared to its average ratio. WIT has 36-month beta value of 0.91. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for WIT is 5.23B, and currently, short sellers hold a 0.63% ratio of that float. The average trading volume of WIT on October 02, 2024 was 1.91M shares.
WIT) stock’s latest price update
Wipro Ltd. ADR (NYSE: WIT) has experienced a rise in its stock price by 1.54 compared to its previous closing price of 6.48. However, the company has seen a gain of 1.86% in its stock price over the last five trading days. globenewswire.com reported 2024-09-18 that DENVER and CORK, Ireland, Sept. 18, 2024 (GLOBE NEWSWIRE) — Poppulo, a leading communications experience software company, today announced it has been selected by Wipro Limited, a leading technology services and consulting company, to deliver communications solutions to its global workforce.
Analysts’ Opinion of WIT
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see WIT reach a price target of $5.20. The rating they have provided for WIT stocks is “Underperform” according to the report published on January 17th, 2024.
WIT Trading at 6.29% 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 -6.13% of loss for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares surge +3.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.67% upper 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 +30.56% in comparison to the 20-day moving average, which settled at $6.42. In addition, Wipro Ltd. ADR saw 18.13% 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 0.15. Equity return is now at value 15.36, with 9.30 for asset returns.
Based on Wipro Ltd. ADR (WIT), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.06. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 22.2.
Currently, EBITDA for the company is 187.05 billion with net debt to EBITDA at 0.44. When we switch over and look at the enterprise to sales, we see a ratio of 3.32. The receivables turnover for the company is 4.15for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.70.
Conclusion
To put it simply, Wipro Ltd. ADR (WIT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
