Wipro Limited [NYSE: WIT] price plunged by -1.76 percent to reach at -$0.17. The company report on September 14, 2021 that Designit wins 2021 Red Dot Award in Brand & Communication Design.
Recognized for combining sustainable design and architecture.
Designit, a Wipro company, and a leading global experience innovation firm, announced that it has won the Red Dot: Brands and Communications Design 2021 award for its interactive visitor centre for Digital Hub Denmark.
A sum of 3055643 shares traded at recent session while its average daily volume was at 1.92M shares. Wipro Limited shares reached a high of $9.52 and dropped to a low of $9.39 until finishing in the latest session at $9.47.
The one-year WIT stock forecast points to a potential downside of -44.58. The average equity rating for WIT stock is currently 4.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Wipro Limited [WIT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WIT shares is $6.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WIT stock is a recommendation set at 4.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Wipro Limited shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 26, 2021. The new note on the price target was released on April 16, 2021, representing the official price target for Wipro Limited stock.
The Average True Range (ATR) for Wipro Limited is set at 0.14, with the Price to Sales ratio for WIT stock in the period of the last 12 months amounting to 5.53. The Price to Book ratio for the last quarter was 6.44, with the Price to Cash per share for the same quarter was set at 0.81. Price to Free Cash Flow for WIT in the course of the last twelve months was 30.25 with Quick ratio for the last quarter at 2.20.
WIT Stock Performance Analysis:
Wipro Limited [WIT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.53. With this latest performance, WIT shares gained by 6.05% in over the last four-week period, additionally plugging by 50.56% over the last 6 months – not to mention a rise of 100.64% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WIT stock in for the last two-week period is set at 62.59, with the RSI for the last a single of trading hit 58.22, and the three-weeks RSI is set at 64.17 for Wipro Limited [WIT]. The present Moving Average for the last 50 days of trading for this stock 8.73, while it was recorded at 9.53 for the last single week of trading, and 7.24 for the last 200 days.
Insight into Wipro Limited Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Wipro Limited [WIT] shares currently have an operating margin of +19.95 and a Gross Margin at +31.68. Wipro Limited’s Net Margin is presently recorded at +17.43.
Return on Total Capital for WIT is now 18.78, given the latest momentum, and Return on Invested Capital for the company is 18.79. Return on Equity for this stock inclined to 19.44, with Return on Assets sitting at 13.10. When it comes to the capital structure of this company, Wipro Limited [WIT] has a Total Debt to Total Equity ratio set at 18.90. Additionally, WIT Total Debt to Total Capital is recorded at 15.89, with Total Debt to Total Assets ending up at 12.57. Long-Term Debt to Equity for the company is recorded at 3.79, with the Long-Term Debt to Total Capital now at 3.19.
Reflecting on the efficiency of the workforce at the company, Wipro Limited [WIT] managed to generate an average of $539,730 per employee. Receivables Turnover for the company is 4.10 with a Total Asset Turnover recorded at a value of 0.75.Wipro Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.20.
WIT Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WIT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wipro Limited go to 9.00%.
Wipro Limited [WIT] Insider Position Details
There are presently around $1,280 million, or 2.50% of WIT stock, in the hands of institutional investors. The top three institutional holders of WIT stocks are: BLACKROCK INC. with ownership of 14,859,348, which is approximately -6.805% of the company’s market cap and around 79.00% of the total institutional ownership; VANGUARD GROUP INC, holding 13,578,114 shares of the stock with an approximate value of $128.59 million in WIT stocks shares; and AQR CAPITAL MANAGEMENT LLC, currently with $115.31 million in WIT stock with ownership of nearly -15.338% of the company’s market capitalization.
Positions in Wipro Limited stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 93 institutional holders increased their position in Wipro Limited [NYSE:WIT] by around 12,253,196 shares. Additionally, 93 investors decreased positions by around 13,930,964 shares, while 22 investors held positions by with 108,988,289 shares. The mentioned changes placed institutional holdings at 135,172,449 shares, according to the latest SEC report filing. WIT stock had 32 new institutional investments in for a total of 4,197,813 shares, while 16 institutional investors sold positions of 447,419 shares during the same period.