In today’s recent session, 1.04 million shares of the Infosys Ltd ADR (NYSE:INFY) have been traded, and its beta is 0.98. Most recently the company’s share price was $22.44, and it changed around -$0.53 or -2.30% from the last close, which brings the market valuation of the company to $93.18B. INFY at last check was trading at a discount to its 52-week high of $23.48, offering almost -4.63% off that amount. The share price’s 52-week low was $15.95, which indicates that the recent value has risen by an impressive 28.92% since then. We note from Infosys Ltd ADR’s average daily trading volume that its 10-day average is 6.4 million shares, with the 3-month average coming to 9.66 million.
Infosys Ltd ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.14. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 12 recommended INFY as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Infosys Ltd ADR is expected to report earnings per share of 0.19 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Infosys Ltd ADR (NYSE:INFY) trade information
Instantly INFY has been showing red trend so far today with a performance of -2.30% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 23.42 on recent trading dayincreased the stock’s daily price by 4.18%. The company’s shares are currently up 22.79% year-to-date, but still down -2.09% over the last five days. On the other hand, Infosys Ltd ADR (NYSE:INFY) is 0.81% up in the 30-day period. We can see from the shorts that 81.18 million shares have been sold at a short interest cover period of 10.09 day(s).
The consensus price target as assigned by Wall Street analysts is $20.05, which translates to bulls needing to decrease their stock price by -11.92% from its current value. Analyst projections state that INFY is forecast to be at a low of $14 and a high of $23.6.
Infosys Ltd ADR (INFY) estimates and forecasts
Infosys Ltd ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 19.73 percent over the past six months and at a -1.32% annual growth rate that is well below the industry average of 12.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 5.60% in revenue this quarter, and will report an increase of 5.60% in the next quarter. The year-over-year growth rate is expected to be 3.70%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 4.85B in revenue for the current quarter. 7 analysts expect Infosys Ltd ADR to make 4.87B in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.61%. Infosys Ltd ADR earnings are expected to increase by 1.05% in 2024, but the outlook is positive 14.80% per year for the next five years.
INFY Dividends
Infosys Ltd ADR’s next quarterly earnings report is expected to be released on 2024-Oct-17. The annual dividend yield of the stock is 2.02 percent and its annual dividend per share was 0.45. It is important to note, however, that the 2.02% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.19 per year.
Infosys Ltd ADR (NYSE:INFY)’s Major holders
FIRST TRUST ADVISORS LP, with 0.8551% or 35.4 million shares worth $659.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core MSCI Emerging Markets ETF and First Trust NASDAQ Cybersecurity ETF were the top two Mutual Funds as of Jul 31, 2024. The former held 29.69 shares worth $665.53 million, making up 0.72% of all outstanding shares. On the other hand, First Trust NASDAQ Cybersecurity ETF held roughly 29.15 shares worth around $653.42 million, which represents about 0.70% of the total shares outstanding.
