The price-to-earnings ratio for Wipro Ltd. ADR (NYSE: WIT) is above average at 24.92x. The 36-month beta value for WIT is also noteworthy at 0.92. 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 3 rating it as “sell.”
The public float for WIT is 5.23B, and at present, short sellers hold a 0.58% of that float. The average trading volume of WIT on November 18, 2024 was 1.90M shares.
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WIT) stock’s latest price update
Wipro Ltd. ADR (NYSE: WIT)’s stock price has plunge by -0.30relation to previous closing price of 6.72. Nevertheless, the company has seen a -4.29% plunge 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?
WIT’s Market Performance
WIT’s stock has fallen by -4.29% in the past week, with a monthly rise of 0.15% and a quarterly rise of 8.59%. The volatility ratio for the week is 1.37% while the volatility levels for the last 30 days are 1.33% for Wipro Ltd. ADR The simple moving average for the last 20 days is 0.06% for WIT stock, with a simple moving average of 10.95% for the last 200 days.
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 2.32% 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 -4.83% of loss for the given period.
Volatility was left at 1.33%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares surge +1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.73% upper at present.
During the last 5 trading sessions, WIT fell by -4.43%, which changed the moving average for the period of 200-days by +15.94% in comparison to the 20-day moving average, which settled at $6.70. In addition, Wipro Ltd. ADR saw 20.29% 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 193.83 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 3.44. 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 summary, Wipro Ltd. ADR (WIT) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” 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.
