For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Wipro Ltd. ADR’s stock clocked out at $5.16, down -1.71% from its previous closing price of $5.25. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 3.59 million shares were traded. WIT stock price reached its highest trading level at $5.24 during the session, while it also had its lowest trading level at $5.155.
Ratios:
To gain a deeper understanding of WIT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.73. For the most recent quarter (mrq), Quick Ratio is recorded 2.41 and its Current Ratio is at 2.43. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.11.
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 27737888768 and an Enterprise Value of -176401891328. As of this moment, Wipro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.37, and their Forward P/E ratio for the next fiscal year is 18.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at -0.194 whereas that against EBITDA is -1.067.
Stock Price History:
Over the past 52 weeks, WIT has reached a high of $6.45, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is -12.95%, while the 200-Day Moving Average is calculated to be -1.80%.
Shares Statistics:
It appears that WIT traded 2.52M shares on average per day over the past three months and 3973340 shares per day 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 2.54% stake in the company. Shares short for WIT as of 1711584000 were 15802238 with a Short Ratio of 6.28, compared to 1709164800 on 14034694.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, WIT has a forward annual dividend rate of 0.01. The stock’s 5-year Average Dividend Yield is 0.54.
Earnings Estimates
The current assessment of Wipro Ltd. ADR (WIT) involves the perspectives of Walmart Inc. analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $2.38, with high estimates of $449.61 and low estimates of $42.91.
EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $ETF.
