Wipro Ltd. ADR (NYSE: WIT) on Friday, plunged -0.61% from the previous trading day, before settling in for the closing price of $3.28. Within the past 52 weeks, WIT’s price has moved between $2.55 and $3.79.
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Annual sales at Technology sector company grew by 5.86% over the past five years. The company achieved an average annual earnings per share of 13.45%. With a float of $10.46 billion, this company’s outstanding shares have now reached $10.46 billion.
Let’s look at the performance matrix of the company that is accounted for 234000 employees. In terms of profitability, gross margin is 30.23%, operating margin of 16.75%, and the pretax margin is 18.74%.
Wipro Ltd. ADR (WIT) Insider and Institutional Ownership
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Wipro Ltd. ADR is 0.00%, while institutional ownership is 2.94%.
Wipro Ltd. ADR (WIT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.72% 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
Wipro Ltd. ADR (WIT) is currently performing well based on its current performance indicators. A quick ratio of 2.83 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 3.21. Likewise, its price to free cash flow for the trailing twelve months is 15.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.11, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.15 in one year’s time.
Technical Analysis of Wipro Ltd. ADR (WIT)
Wipro Ltd. ADR (NYSE: WIT) saw its 5-day average volume 4.32 million, a negative change from its year-to-date volume of 5.21 million. As of the previous 9 days, the stock’s Stochastic %D was 37.21%. Additionally, its Average True Range was 0.08.
During the past 100 days, Wipro Ltd. ADR’s (WIT) raw stochastic average was set at 27.89%, which indicates a significant increase from 17.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.20% in the past 14 days, which was lower than the 28.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.54, while its 200-day Moving Average is $3.26. Nevertheless, the first resistance level for the watch stands at $3.29 in the near term. At $3.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.34. If the price goes on to break the first support level at $3.24, it is likely to go to the next support level at $3.21. The third support level lies at $3.19 if the price breaches the second support level.
Wipro Ltd. ADR (NYSE: WIT) Key Stats
Market capitalization of the company is 34.10 billion based on 10,457,330K outstanding shares. Right now, sales total 10,770 M and income totals 1,325 M. The company made 2,609 M in profit during its latest quarter, and 392,000 K in sales during its previous quarter.
