Wipro Ltd. ADR (NYSE: WIT) kicked off on Tuesday, down -1.14% from the previous trading day, before settling in for the closing price of $7.00. Over the past 52 weeks, WIT has traded in a range of $4.50-$7.04.
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A company in the Technology sector has jumped its sales by 5.86% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 10.76%. With a float of $5.23 billion, this company’s outstanding shares have now reached $5.23 billion.
In an organization with 234000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 30.15%, operating margin of 16.26%, and the pretax margin is 17.72%.
Wipro Ltd. ADR (WIT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Information Technology Services Industry. The insider ownership of Wipro Ltd. ADR is 0.00%, while institutional ownership is 3.09%.
Wipro Ltd. ADR (WIT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.06 earnings per share (EPS), lower than consensus estimate (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 10.76% 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
Take a look at Wipro Ltd. ADR’s (WIT) current performance indicators. Last quarter, stock had a quick ratio of 2.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.40. Likewise, its price to free cash flow for the trailing twelve months is 16.33.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.81 million. That was better than the volume of 2.48 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 89.30%. Additionally, its Average True Range was 0.14.
During the past 100 days, Wipro Ltd. ADR’s (WIT) raw stochastic average was set at 92.21%, which indicates a significant increase from 81.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.04% in the past 14 days, which was lower than the 34.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.51, while its 200-day Moving Average is $6.02. However, in the short run, Wipro Ltd. ADR’s stock first resistance to watch stands at $6.95. Second resistance stands at $6.98. The third major resistance level sits at $7.02. If the price goes on to break the first support level at $6.89, it is likely to go to the next support level at $6.85. Assuming the price breaks the second support level, the third support level stands at $6.82.
Wipro Ltd. ADR (NYSE: WIT) Key Stats
The company with the Market Capitalisation of 36.16 billion has total of 5,224,211K Shares Outstanding. Its annual sales at the moment are 10,770 M in contrast with the sum of 1,325 M annual income. Company’s last quarter sales were recorded 2,663 M and last quarter income was 383,000 K.
