Wipro Ltd. ADR [WIT] stock prices are up 1.40% to $7.22 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WIT shares have gain 2.70% over the last week, with a monthly amount glided 10.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wipro Ltd. ADR [NYSE: WIT] stock has seen the most recent analyst activity on October 03, 2024, when Investec downgraded its rating to a Sell. On January 17, 2024, Exane BNP Paribas initiated with a Underperform rating and assigned a price target of $5.20 on the stock. Goldman started tracking the stock assigning a Sell rating. JP Morgan initiated its recommendation with a Underweight and recommended $4.30 as its price target on May 23, 2023. Bernstein downgraded its rating to Underperform for this stock on March 22, 2023, and downed its price target to $3.90. In a note dated October 13, 2022, Credit Suisse downgraded an Underperform rating on this stock.
The stock price of Wipro Ltd. ADR [WIT] has been fluctuating between $4.78 and $7.16 over the past year. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Wipro Ltd. ADR [NYSE: WIT] shares were valued at $7.22 at the most recent close of the market. An investor can expect a potential drop of -3.05% based on the average WIT price forecast.
Analyzing the WIT fundamentals
The Wipro Ltd. ADR [NYSE:WIT] reported sales of 10.64B for trailing twelve months, representing a drop of -2.25%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.18%, 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 of0.2.
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 7.17 points at the first support level, and at 7.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.27, and for the 2nd resistance point, it is at 7.32.
Ratios To Look Out For
It’s worth pointing out that Wipro Ltd. ADR [NYSE:WIT]’s Current Ratio is 2.69. In addition, the Quick Ratio stands at 2.67 and the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 7.10, the price to book ratio is 7.73 and price to earnings (TTM) ratio is 53.72.
