In last trading session, Wipro Ltd. ADR (NYSE:WIT) saw 5.14 million shares changing hands with its beta currently measuring 0.88. Company’s recent per share price level of $5.65 trading at -$0.19 or -3.25% at ring of the bell on the day assigns it a market valuation of $29.52B. That closing price of WIT’s stock is at a discount of -14.16% from its 52-week high price of $6.45 and is indicating a premium of 23.54% from its 52-week low price of $4.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.21 million shares which gives us an average trading volume of 2.43 million if we extend that period to 3-months.
Wipro Ltd. ADR (NYSE:WIT) trade information
Upright in the red during last session for losing -3.25%, in the last five days WIT remained trading in the red while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $5.65 price level, adding 6.92% to its value on the day. Wipro Ltd. ADR’s shares saw a change of 1.44% in year-to-date performance and have moved -7.83% in past 5-day. Wipro Ltd. ADR (NYSE:WIT) showed a performance of -10.60% in past 30-days. Number of shares sold short was 14.03 million shares which calculate 7.79 days to cover the short interests.
Wipro Ltd. ADR (WIT) estimates and forecasts
Statistics highlight that Wipro Ltd. ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 11.22% of value to its shares in past 6 months, showing an annual growth rate of 4.00% while that of industry is 20.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.40% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.68 billion for the same. And 1 analysts are in estimates of company making revenue of $2.77 billion in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.62% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 22.85% while estimates for its earnings growth in next 5 years are of 9.00%.
WIT Dividends
Wipro Ltd. ADR is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Wipro Ltd. ADR (NYSE:WIT)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 2.54 percent of that, with stock having share float percentage of 2.54%. Investors also watch the number of corporate investors in a company very closely, which is 2.54% institutions for Wipro Ltd. ADR that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at WIT for having 29.46 million shares of worth $166.44 million. And as of Dec 30, 2023, it was holding 0.56% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 12.52 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 0.24% of outstanding shares, having a total worth of $70.72 million.
On the other hand, Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk are the top two Mutual Funds which own company’s shares. As of Oct 30, 2023, the former fund manager was holding 5.79 million shares of worth $32.74 million or 0.11% of the total outstanding shares. The later fund manager was in possession of 3.82 million shares on Oct 30, 2023, making its stake of worth around $21.59 million in the company or a holder of 0.07% of company’s stock.
