Wipro Limited (NYSE: WIT) on May 23, 2023, started off the session at the price of $4.75, plunging -1.46% from the previous trading day. During the day, the shares moved up to $4.76 and dropped to $4.69 before settling in for the closing price of $4.78. Within the past 52 weeks, WIT’s price has moved between $4.32 and $6.18.
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Technology Sector giant saw their annual sales surged by 7.50% over the last five years. The company achieved an average annual earnings per share of 16.90%. With a float of $1.48 billion, this company’s outstanding shares have now reached $5.47 billion.
The firm has a total of 258744 workers. Let’s measure their productivity. In terms of profitability, gross margin is +28.67, operating margin of +14.93, and the pretax margin is +16.32.
Wipro Limited (WIT) Breakdown of a Key Holders of the stock
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Wipro Limited is 79.00%, while institutional ownership is 2.20%.
Wipro Limited (WIT) Recent Fiscal highlights
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.07 earnings per share (EPS) for the period topping the consensus outlook (set at $0.07) by $0. This company achieved a net margin of +12.54 while generating a return on equity of 15.77. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to 17.90% growth over the previous five years of trading.
Wipro Limited (NYSE: WIT) Trading Performance Indicators
Wipro Limited (WIT) is currently performing well based on its current performance indicators. A quick ratio of 2.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.25, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.30 in one year’s time.
Technical Analysis of Wipro Limited (WIT)
Analysing the last 5-days average volume posted by the [Wipro Limited, WIT], we can find that recorded value of 1.43 million was lower than the volume posted last year of 2.11 million. As of the previous 9 days, the stock’s Stochastic %D was 71.11%. Additionally, its Average True Range was 0.07.
During the past 100 days, Wipro Limited’s (WIT) raw stochastic average was set at 50.65%, which indicates a significant decrease from 60.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.38% in the past 14 days, which was lower than the 21.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.54, while its 200-day Moving Average is $4.80. Now, the first resistance to watch is $4.75. This is followed by the second major resistance level at $4.79. The third major resistance level sits at $4.82. If the price goes on to break the first support level at $4.68, it is likely to go to the next support level at $4.65. Now, if the price goes above the second support level, the third support stands at $4.61.
Wipro Limited (NYSE: WIT) Key Stats
Market capitalization of the company is 25.71 billion based on 5,478,022K outstanding shares. Right now, sales total 11,011 M and income totals 1,381 M. The company made 2,822 M in profit during its latest quarter, and 374,000 K in sales during its previous quarter.
