Wipro Ltd. ADR [NYSE: WIT] traded at a low on Thursday, posting a -4.07 loss after which it closed the day’ session at $3.30.
The results of the trading session contributed to over 6235279 shares changing hands. Over the past one week, the price volatility of Wipro Ltd. ADR stands at 2.11% while the volatility over the past one month is 1.85%.
The market cap for WIT stock reached $34.51 billion, with 20.90 billion shares outstanding and 10.46 billion shares in the current float. Compared to the average trading volume of 4.74M shares, WIT reached a trading volume of 6235279 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $3.28 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 3.50. 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.
UBS have made an estimate for Wipro Ltd. ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 02, 2025. The new note on the price target was released on December 09, 2024, representing the official price target for Wipro Ltd. ADR stock.
The Average True Range (ATR) for Wipro Ltd. ADR is set at 0.08, with the Price to Sales ratio for WIT stock in the period of the last 12 months amounting to 3.24. The Price to Book ratio for the last quarter was 7.06, with the Price to Cash per share for the same quarter was set at 0.58. Price to Free Cash Flow for WIT in the course of the last twelve months was 15.59 with Quick ratio for the last quarter at 2.67.
How has WIT stock performed recently?
Wipro Ltd. ADR [WIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.98. With this latest performance, WIT shares dropped by -10.08% in over the last four-week period, additionally sinking by -1.49% over the last 6 months – not to mention a rise of 14.78% 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 33.51, with the RSI for the last a single of trading hit 27.20, and the three-weeks RSI is set at 38.74 for Wipro Ltd. ADR [WIT]. The present Moving Average for the last 50 days of trading for this stock 3.51, while it was recorded at 3.42 for the last single week of trading, and 3.12 for the last 200 days.
Wipro Ltd. ADR [WIT]: Deeper insight into the fundamentals
Wipro Ltd. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.67 and a Current Ratio set at 2.69.
Earnings analysis for Wipro Ltd. ADR [WIT]
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 7.34%.
Insider trade positions for Wipro Ltd. ADR [WIT]
There are presently around $2.94%, or 2.94%% 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%.
