The stock of Wipro Ltd. ADR (WIT) has seen a -3.26% decrease in the past week, with a 2.03% gain in the past month, and a 13.00% flourish in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are at 1.50% for WIT. The simple moving average for the last 20 days is -0.12% for WIT stock, with a simple moving average of 8.88% for the last 200 days.
Is It Worth Investing in Wipro Ltd. ADR (NYSE: WIT) Right Now?
The price-to-earnings ratio for Wipro Ltd. ADR (NYSE: WIT) is above average at 24.25x, Company’s 36-month beta value is 0.92.Analysts have differing opinions 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 0.57% ratio of that floaft. The average trading volume of WIT on November 06, 2024 was 1.71M shares.
WIT) stock’s latest price update
The stock of Wipro Ltd. ADR (NYSE: WIT) has increased by 1.40 when compared to last closing price of 6.43. Despite this, the company has experienced a -3.26% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-01 that Investors interested in Business – Software Services stocks are likely familiar with Cognizant (CTSH) and Wipro Limited (WIT). But which of these two stocks is more attractive to value investors?
Analysts’ Opinion of WIT
Exane BNP Paribas gave a rating of “Underperform” to WIT, setting the target price at $5.20 in the report published on January 17th of the current year.
WIT Trading at 1.02% 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 -6.99% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.33% upper at present.
During the last 5 trading sessions, WIT fell by -3.26%, which changed the moving average for the period of 200-days by +13.39% in comparison to the 20-day moving average, which settled at $6.53. In addition, Wipro Ltd. ADR saw 17.06% 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 15.49, with 10.01 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 1.1. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 21.02.
Currently, EBITDA for the company is 187.05 billion with net debt to EBITDA at 0.34. When we switch over and look at the enterprise to sales, we see a ratio of 3.3. The receivables turnover for the company is 4.12for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.69.
Conclusion
In a nutshell, Wipro Ltd. ADR (WIT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
