Wipro Limited [WIT] shares are up more than 43.68% this year and recently increased 0.04% or $0.21 to settle at $5.44. Analysts expect WIT to grow earnings at a 9.00% annual rate over the next 5 years. WIT has a short ratio of 7.35. This implies that the market is currently less bullish on the outlook for WIT.
On 2, December 2020, Wipro to Deliver Agile Customer Engineering Services to Verifone Inc. According to news published on Yahoo Finance, Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has won a multi-year contract from Verifone, a global leader in payments and commerce solutions, to drive agility across its cloud services offerings.
Analyst Birdseye View:
The most recent analyst activity for Wipro Limited [NYSE:WIT] stock was on March 25, 2020, when it was Upgrade with a Hold rating from Jefferies. On February 20, 2020, JP Morgan Initiated an Underweight rating. On November 21, 2019, Goldman Downgrade a Sell rating. On October 15, 2019, Credit Suisse Upgrade a Neutral rating. On October 03, 2019, Goldman Upgrade a Neutral rating. On February 26, 2019, Credit Suisse Downgrade an Underperform rating.
In the past 52 weeks of trading, this stock has oscillated between a low of $2.52 and a peak of $5.50. Right now, according to Wall Street analyst the average 12-month amount target is $4.82. At the most recent market close, shares of Wipro Limited [NYSE:WIT] were valued at $5.44. According to the average price forecast, investors can expect a potential return of -0.41%.
Wipro Limited [NYSE:WIT] most recently reported quarterly sales of 151.15 billion, which represented growth of -0.10%. This publicly-traded organization’s revenue is $3,487,040 per employee, while its income is $555,531 per employee. This company’s Gross Margin is currently 29.30%, its Operating Margin is 17.80%, its Pretax Margin is +20.07, and its Net Margin is +15.93. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 11.78, 17.27, 15.29 and 16.60 respectively.
If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 14.85 and the whole liability to whole assets at 11.90. It shows enduring liability to the whole principal at 2.67 and enduring liability to assets at 0.02 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.20 points at 1st support level, the second support level is making up to 5.17. But as of 1st resistance point, this stock is sitting at 5.26 and at 5.28 for 2nd resistance point.
Wipro Limited [WIT] reported its earnings at $0.06 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.06/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.05 calling estimates for $0.05/share with the difference of 0 depicting the surprise of 0.00%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Wipro Limited [NYSE:WIT] is 2.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.54. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.88, it’s amount to book ratio is 2.01 and showing 22.84 of P/E (TTM) ratio.