In the latest trading session,, 2.0 million Wipro Ltd. ADR (NYSE:WIT) shares changed hands as the company’s beta touched 1.04. With the company’s most recent per share price at $2.85 changing hands around $0.01 or 0.48% at last look, the market valuation stands at $29.85B. WIT’s current price is a discount, trading about -32.98% off its 52-week high of $3.79. The share price had its 52-week low at $2.55, which suggests the last value was 10.53% up since then. When we look at Wipro Ltd. ADR’s average trading volume, we note the 10-day average is 8.28 million shares, with the 3-month average coming to 6.34 million.
Analysts gave the Wipro Ltd. ADR (WIT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.27. If we narrow down to specifics, the data shows that 1 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended WIT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Wipro Ltd. ADR’s EPS for the current quarter is expected to be 0.04.
Wipro Ltd. ADR (NYSE:WIT) trade information
Instantly WIT is in green as seen in intraday trades today. With action 3.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -19.39%, with the 5-day performance at 3.02% in the green. However, in the 30-day time frame, Wipro Ltd. ADR (NYSE:WIT) is -5.82% down. Looking at the short shares, we see there were 73.59 million shares sold at short interest cover period of 10.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.35, meaning bulls need an upside of 61.22% from its recent market value. According to analyst projections, WIT’s forecast low is 7 with 7.7 as the target high. To hit the forecast high, the stock’s price needs a -170.18% plunge from its current level, while the stock would need to soar -145.61% for it to hit the projected low.
Wipro Ltd. ADR (WIT) estimates and forecasts
Year-over-year growth is forecast to reach 0.28% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 219.23B. 6 analysts are of the opinion that Wipro Ltd. ADR’s revenue for the current quarter will be 221.8B. The company’s revenue for the corresponding quarters a year ago was 219.64B and 223.02B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.18%. The estimates for the next quarter sales put growth at -0.55%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.81%. The 2025 estimates are for Wipro Ltd. ADR earnings to increase by 0.33%, but the outlook for the next 5-year period is at 3.43% per year.
WIT Dividends
Wipro Ltd. ADR is expected to release its next quarterly earnings report on 2025-Apr-15. The 2.42% annual yield figure for the share gives it an annual dividend of 0.07. It is important to note, however, that the 2.42% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.61 per year.
Wipro Ltd. ADR (NYSE:WIT)’s Major holders
The share float percentage for the stock currently stands at 2.93%. There are 2.93% institutions holding the Wipro Ltd. ADR stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 1.0384% of the shares, roughly 27.13 million WIT shares worth $165.51 million.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 0.6008% or 15.7 million shares worth $95.77 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were First TRT Exch-Trd Fd.-First TRT Value Line Dividend Index Fd. and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund . With 13.04 shares estimated at $37.23 million under it, the former controlled 0.12% of total outstanding shares. On the other hand, VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund held about 0.11% of the shares, roughly 11.57 shares worth around $33.05 million.
