Wipro Limited (NYSE:WIT) has a beta value of 0.85 and has seen 4.06 million shares traded in the last trading session. The company, currently valued at $27.01B, closed the last trade at $4.98 per share which meant it lost -$0.01 on the day or -0.20% during that session. The WIT stock price is -62.05% off its 52-week high price of $8.07 and 12.05% above the 52-week low of $4.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.41 million shares traded. The 3-month trading volume is 2.48 million shares.
The consensus among analysts is that Wipro Limited (WIT) is a Hold stock at the moment, with a recommendation rating of 4.70. 9 analysts rate the stock as a Sell, while 5 rate it as Overweight. 16 out of 42 have rated it as a Hold, with 5 advising it as a Buy. 7 have rated the stock as Underweight. The expected earnings per share for the stock is $0.07.
Wipro Limited (NYSE:WIT) trade information
Sporting -0.20% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the WIT stock price touched $4.98 or saw a rise of 0.99%. Year-to-date, Wipro Limited shares have moved 6.87%, while the 5-day performance has seen it change 1.84%. Over the past 30 days, the shares of Wipro Limited (NYSE:WIT) have changed 6.41%. Short interest in the company has seen 14.73 million shares shorted with days to cover at 3.88.
Wall Street analysts have a consensus price target for the stock at $5.07, which means that the shares’ value could jump 1.78% from current levels. The projected low price target is $4.00 while the price target rests at a high of $6.49. In that case, then, we find that the current price level is -30.32% off the targeted high while a plunge would see the stock lose 19.68% from current levels.
Wipro Limited (WIT) estimates and forecasts
Figures show that Wipro Limited shares have underperformed across the wider relevant industry. The company’s shares have lost -3.86% over the past 6 months, with this year growth rate of -10.34%, compared to 3.80% for the industry. Revenue growth from the last financial year stood is estimated to be 6.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of $2.84 billion for the current quarter. 1 have an estimated revenue figure of $2.86 billion for the next quarter concluding in Mar 2023.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 17.90% over the past 5 years. Earnings growth for 2023 is a modest 16.90% while over the next 5 years, the company’s earnings are expected to increase by 9.00%.
Wipro Limited is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.08 at a share yield of 1.57%. The company’s dividend yield has gone up over the past 12 months.
Wipro Limited (NYSE:WIT)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 2.20% with a share float percentage of 2.20%. Investors are also buoyed by the number of investors in a company, with Wipro Limited having a total of 276 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 15.49 million shares worth more than $82.23 million. As of Jun 29, 2022, Blackrock Inc. held 0.28% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 12.34 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $65.52 million and represent 0.22% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk. As of Jul 30, 2022, the former fund manager holds about 0.11% shares in the company for having 5.91 million shares of worth $31.32 million while later fund manager owns 3.75 million shares of worth $19.88 million as of Jul 30, 2022, which makes it owner of about 0.07% of company’s outstanding stock.