Wipro Ltd. ADR [NYSE: WIT] plunged by -$0.04 during the normal trading session on while it closed the day at $3.14.
Wipro Ltd. ADR stock has also loss -2.48% of its value over the past 7 days. However, WIT stock has declined by -13.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.48% and lost -11.30% year-on date.
The market cap for WIT stock reached $32.84 billion, with 10.46 billion shares outstanding and 10.46 billion shares in the current float. Compared to the average trading volume of 4.79M shares, WIT reached a trading volume of 6340527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $3.42 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 3.17. 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 3.09. The Price to Book ratio for the last quarter was 3.42, with the Price to Cash per share for the same quarter was set at 0.63. Price to Free Cash Flow for WIT in the course of the last twelve months was 14.83 with Quick ratio for the last quarter at 2.83.
WIT stock trade performance evaluation
Wipro Ltd. ADR [WIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.48. With this latest performance, WIT shares dropped by -14.44% in over the last four-week period, additionally plugging by 0.48% over the last 6 months – not to mention a rise of 1.45% 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 26.17, with the RSI for the last a single of trading hit 21.34, and the three-weeks RSI is set at 31.22 for Wipro Ltd. ADR [WIT]. The present Moving Average for the last 50 days of trading for this stock 3.52, while it was recorded at 3.24 for the last single week of trading, and 3.27 for the last 200 days.
Wipro Ltd. ADR [WIT]: An insightful look at the core fundamentals
Wipro Ltd. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.83 and a Current Ratio set at 2.83.
Earnings per share (EPS) analysis for Wipro Ltd. ADR [WIT] stock
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 9.72%.
Wipro Ltd. ADR [WIT]: Institutional Ownership
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%.
