Wipro Ltd. ADR [NYSE: WIT] loss -2.34% on the last trading session, reaching $6.27 price per share at the time.
If compared to the average trading volume of 1.89M shares, WIT reached a trading volume of 2624988 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Wipro Ltd. ADR [WIT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WIT shares is $6.20 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 3.72. 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.
Investec have made an estimate for Wipro Ltd. ADR shares, keeping their opinion on the stock as Sell, with their previous recommendation back on October 03, 2024. While these analysts kept the previous recommendation, Nomura raised their target price to Buy. The new note on the price target was released on July 02, 2024, representing the official price target for Wipro Ltd. ADR stock. Previously, the target price had yet another raise to $5.20, while Exane BNP Paribas analysts kept a Underperform rating on WIT stock.
The Average True Range (ATR) for Wipro Ltd. ADR is set at 0.13, with the Price to Sales ratio for WIT stock in the period of the last 12 months amounting to 3.06. The Price to Book ratio for the last quarter was 3.50, with the Price to Cash per share for the same quarter was set at 1.03. Price to Free Cash Flow for WIT in the course of the last twelve months was 15.34 with Quick ratio for the last quarter at 2.69.
Trading performance analysis for WIT stock
Wipro Ltd. ADR [WIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.72. With this latest performance, WIT shares gained by 1.29% in over the last four-week period, additionally plugging by 12.37% over the last 6 months – not to mention a rise of 27.96% 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 44.30, with the RSI for the last a single of trading hit 38.58, and the three-weeks RSI is set at 47.61 for Wipro Ltd. ADR [WIT]. The present Moving Average for the last 50 days of trading for this stock 6.25, while it was recorded at 6.38 for the last single week of trading, and 5.90 for the last 200 days.
Wipro Ltd. ADR [WIT]: A deeper dive into fundamental analysis
Wipro Ltd. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.69 and a Current Ratio set at 2.70.
Wipro Ltd. ADR [WIT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Wipro Ltd. ADR posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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 Ltd. ADR go to 5.48%.
An analysis of Institutional ownership at Wipro Ltd. ADR [WIT]
There are presently around $3.11%, or 3.11%% of WIT stock, in the hands of institutional investors. The top three institutional holders of WIT stocks are: BLACKROCK INC. with ownership of 27.13 million shares, which is approximately 0.5114%. MORGAN STANLEY, holding 15.7 million shares of the stock with an approximate value of $$95.77 million in WIT stocks shares; and MORGAN STANLEY, currently with $$76.94 million in WIT stock with ownership which is approximately 0.2377%.
