Financial Fitness Check: Examining Wipro Ltd. ADR (WIT)’s Key Ratios

Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.

In the latest session, Wipro Ltd. ADR (NYSE: WIT) closed at $5.44 up 0.55% from its previous closing price of $5.41. In other words, the price has increased by $0.55 from its previous closing price. On the day, 1.06 million shares were traded. WIT stock price reached its highest trading level at $5.45 during the session, while it also had its lowest trading level at $5.4.

Ratios:

For a deeper understanding of Wipro Ltd. ADR’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.48. For the most recent quarter (mrq), Quick Ratio is recorded 2.57 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on January 17, 2024, initiated with a Underperform rating and assigned the stock a target price of $5.20.

On May 23, 2023, JP Morgan started tracking the stock assigning a Underweight rating and target price of $4.30.JP Morgan initiated its Underweight rating on May 23, 2023, with a $4.30 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WIT now has a Market Capitalization of 28641273856 and an Enterprise Value of -213390409728. As of this moment, Wipro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.73, and their Forward P/E ratio for the next fiscal year is 17.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 3.44. Its current Enterprise Value per Revenue stands at -0.238 whereas that against EBITDA is -1.317.

Stock Price History:

The Beta on a monthly basis for WIT is 0.87, which has changed by 0.17241383 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, WIT has reached a high of $6.45, while it has fallen to a 52-week low of $4.48. The 50-Day Moving Average of the stock is -3.62%, while the 200-Day Moving Average is calculated to be 2.54%.

Shares Statistics:

For the past three months, WIT has traded an average of 2.86M shares per day and 2167290 over the past ten days. A total of 5.48B shares are outstanding, with a floating share count of 5.23B. Insiders hold about 0.00% of the company’s shares, while institutions hold 2.71% stake in the company. Shares short for WIT as of 1714435200 were 22761663 with a Short Ratio of 9.23, compared to 1711584000 on 15802238.

Dividends & Splits

According to the company, the forward annual dividend rate for WIT is 0.01, from 1.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.18484288The stock’s 5-year Average Dividend Yield is 0.54. The current Payout Ratio is 4.17% for WIT, which recently paid a dividend on 2024-01-23 with an ex-dividend date of 1705968000. Stock splits for the company last occurred on 2017-06-22 when the company split stock in a 2:1 ratio.

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