At the time of writing, Wipro Ltd. ADR [WIT] stock is trading at $3.67, up 0.82%. 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 5.16% over the last week, with a monthly amount glided 6.84%, 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 December 09, 2024, when HSBC Securities upgraded its rating to a Hold. Previously, Investec downgraded its rating to Sell on October 03, 2024. On July 02, 2024, Nomura initiated with a Buy rating. Exane BNP Paribas started tracking the stock assigning a Underperform rating and suggested a price target of $5.20 on January 17, 2024. Goldman initiated its recommendation with a Sell. JP Morgan started tracking with a Underweight rating for this stock on May 23, 2023, and assigned it a price target of $4.30. In a note dated March 22, 2023, Bernstein downgraded an Underperform rating on this stock and revised its target price from $5.10 to $3.90.
For the past year, the stock price of Wipro Ltd. ADR fluctuated between $2.48 and $3.75. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Wipro Ltd. ADR [NYSE: WIT] shares were valued at $3.67 at the most recent close of the market. An investor can expect a potential return of 90.74% based on the average WIT price forecast.
Analyzing the WIT fundamentals
According to Wipro Ltd. ADR [NYSE:WIT], the company’s sales were 10.64B for trailing twelve months, which represents an -2.25% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 3.64 points at the first support level, and at 3.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.70, and for the 2nd resistance point, it is at 3.72.
Ratios To Look Out For
It is important to note that Wipro Ltd. ADR [NYSE:WIT] has a current ratio of 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 7.21, the price to book ratio is 7.86 and price to earnings (TTM) ratio is 54.61.
