Wipro Ltd. ADR [WIT] stock is trading at $6.58, up 1.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The WIT shares have gain 1.86% over the last week, with a monthly amount glided 2.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Exane BNP Paribas started tracking the stock with Underperform rating on January 17, 2024, and set its price target to $5.20. On August 22, 2023, Goldman initiated with a Sell rating. JP Morgan started tracking the stock assigning a Underweight rating and suggested a price target of $4.30 on May 23, 2023. Bernstein downgraded its rating to a Underperform and reduced its price target to $3.90 on March 22, 2023. Credit Suisse downgraded its rating to Underperform for this stock on October 13, 2022. In a note dated September 13, 2022, Goldman upgraded an Buy rating on this stock but restated the target price of $4.87.
Wipro Ltd. ADR [WIT] stock has fluctuated between $4.48 and $7.01 over the past year. Currently, Wall Street analysts expect the stock to reach $7.7 within the next 12 months. Wipro Ltd. ADR [NYSE: WIT] shares were valued at $6.58 at the most recent close of the market. An investor can expect a potential return of 17.02% based on the average WIT price forecast.
Analyzing the WIT fundamentals
Wipro Ltd. ADR [NYSE:WIT] reported sales of 10.70B for the trailing twelve months, which represents a drop of -5.21%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.15 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.50 points at the first support level, and at 6.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.63, and for the 2nd resistance point, it is at 6.68.
Ratios To Look Out For
For context, Wipro Ltd. ADR’s Current Ratio is 2.70. On the other hand, the Quick Ratio is 2.69, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 3.21, the price to book ratio is 3.67 and price to earnings (TTM) ratio is 25.62.
