A share price of Wipro Ltd. ADR [WIT] is currently trading at $3.09, up 0.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WIT shares have lost -0.32% over the last week, with a monthly amount drifted -4.04%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Wipro Ltd. ADR [NYSE: WIT] stock has seen the most recent analyst activity on January 02, 2025, when UBS upgraded its rating to a Neutral. Previously, HSBC Securities upgraded its rating to Hold on December 09, 2024. On October 03, 2024, downgrade downgraded it’s rating to Sell. Nomura started tracking the stock assigning a Buy rating. Exane BNP Paribas initiated its recommendation with a Underperform and recommended $5.20 as its price target on January 17, 2024. In a note dated May 23, 2023, JP Morgan initiated an Underweight rating and provided a target price of $4.30 on this stock.
Wipro Ltd. ADR experienced fluctuations in its stock price throughout the past year between $2.55 and $3.79. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Wipro Ltd. ADR [NYSE: WIT] shares were valued at $3.09 at the most recent close of the market. An investor can expect a potential return of 126.54% based on the average WIT price forecast.
Analyzing the WIT fundamentals
Trailing Twelve Months sales for Wipro Ltd. ADR [NYSE:WIT] were 10.61B which represents -0.89% decline. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, 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 0.23.
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 3.04 points at the first support level, and at 2.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.13, and for the 2nd resistance point, it is at 3.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wipro Ltd. ADR [NYSE:WIT] is 2.83. Also, the Quick Ratio is 2.83, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 3.40, the price to book ratio is 3.37 and price to earnings (TTM) ratio is 28.93.
