Analysts Predict An WNS (Holdings) Limited (NYSE: WNS) Spike?

WNS (Holdings) Limited (NYSE:WNS) shares, rose in value, with the stock price down by -4.36% to the previous day’s close as strong demand from buyers drove the stock to $40.17.

Actively observing the price movement in the last trading, the stock closed the session at $42.00. The PE ratio was 14.19 over 12-month period. Referring to stock’s 52-week performance, its high was $91.88, and the low was $40.06. On the whole, WNS has fluctuated by -19.66% over the past month.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.34B, with a low estimate of 309.6M and a high estimate of 339.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 319.18M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WNS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.33, with the price of WNS currently trading nearly -17.09% and -24.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.01, while the 7-day volatility ratio is showing 7.03% which for the 30-day chart, stands at 4.67%. Furthermore, WNS (Holdings) Limited (WNS)’s beta value is 1.07, and its average true range (ATR) is 2.36.

A comparison of WNS (Holdings) Limited (WNS) with its peers suggests the former has fared considerably weaker in the market. WNS showed an intraday change of -4.36% in last session, and over the past year, it shrunk by -54.29%%.

Data on historical trading for WNS (Holdings) Limited (NYSE:WNS) indicates that the trading volumes over the past 3 months, they’ve averaged 440.53K. According to company’s latest data on outstanding shares, there are 45.68 million shares outstanding.

Nearly 11.62% of WNS (Holdings) Limited’s shares belong to company insiders and institutional investors own 93.87% of the company’s shares. The stock has fallen by -36.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WNS stock heading into the next quarter.

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