On Friday, Wipro Ltd. ADR (NYSE: WIT) opened lower -0.46% from the last session, before settling in for the closing price of $6.59. Price fluctuations for WIT have ranged from $4.48 to $7.01 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 5.86%. Company’s average yearly earnings per share was noted 10.97% at the time writing. With a float of $5.23 billion, this company’s outstanding shares have now reached $5.23 billion.
Considering the fact that the conglomerate employs 234000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 29.85%, operating margin of 15.79%, and the pretax margin is 16.81%.
Wipro Ltd. ADR (WIT) Insider Activity
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of Wipro Ltd. ADR is 0.00%, while institutional ownership is 3.10%.
Wipro Ltd. ADR (WIT) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.06 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.07) by -0.01. 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 10.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.53% during the next five years compared to 3.32% growth over the previous five years of trading.
Wipro Ltd. ADR (NYSE: WIT) Trading Performance Indicators
Check out the current performance indicators for Wipro Ltd. ADR (WIT). In the past quarter, the stock posted a quick ratio of 2.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.22. Likewise, its price to free cash flow for the trailing twelve months is 15.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.27, 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 Ltd. ADR (WIT)
Compared to the last year’s volume of 2.49 million, its volume of 2.37 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 76.88%. Additionally, its Average True Range was 0.14.
During the past 100 days, Wipro Ltd. ADR’s (WIT) raw stochastic average was set at 74.14%, which indicates a significant increase from 72.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.68% in the past 14 days, which was higher than the 33.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.39, while its 200-day Moving Average is $5.96. Nevertheless, the first resistance level for the watch stands at $6.59 in the near term. At $6.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.64. If the price goes on to break the first support level at $6.54, it is likely to go to the next support level at $6.51. Should the price break the second support level, the third support level stands at $6.49.
Wipro Ltd. ADR (NYSE: WIT) Key Stats
There are currently 5,219,186K shares outstanding in the company with a market cap of 34.28 billion. Presently, the company’s annual sales total 10,770 M according to its annual income of 1,325 M. Last quarter, the company’s sales amounted to 2,663 M and its income totaled 383,000 K.
