Wipro Ltd. ADR (NYSE:WIT) shares, rose in value on Thursday, April 25, with the stock price down by -2.56% to the previous day’s close as strong demand from buyers drove the stock to $5.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.47. The PE ratio was 21.29 over 12-month period. Referring to stock’s 52-week performance, its high was $6.45, and the low was $4.47. On the whole, WIT has fluctuated by -5.83% over the past month.
The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.23%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.77B, with a low estimate of 2.65B and a high estimate of 2.65B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.65B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WIT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.37, with the price of WIT currently trading nearly -3.59% and -9.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.91, while the 7-day volatility ratio is showing 1.86% which for the 30-day chart, stands at 1.71%. Furthermore, Wipro Ltd. ADR (WIT)’s beta value is 0.86, and its average true range (ATR) is 0.12.
A comparison of Wipro Ltd. ADR (WIT) with its peers suggests the former has fared considerably weaker in the market. WIT showed an intraday change of -2.56% in today’s session so far, and over the past year, it grew by 19.24%%.
Data on historical trading for Wipro Ltd. ADR (NYSE:WIT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.63 million. According to company’s latest data on outstanding shares, there are 5.48 billion shares outstanding.
Nearly 0.00% of Wipro Ltd. ADR’s shares belong to company insiders and institutional investors own 2.55% of the company’s shares. The stock has fallen by -4.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WIT stock heading into the next quarter.
