During the last session, Wipro Ltd. ADR (NYSE:WIT)’s traded shares were 6.19 million, with the beta value of the company hitting 1.02. At the end of the trading day, the stock’s price was $2.86, reflecting an intraday loss of -1.38% or -$0.04. The 52-week high for the WIT share is $3.79, that puts it down -32.52 from that peak though still a striking 10.84% gain since the share price plummeted to a 52-week low of $2.55. The company’s market capitalization is $29.93B, and the average trade volume was 6.16 million shares over the past three months.
Wipro Ltd. ADR (WIT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.32. WIT has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.04.
Wipro Ltd. ADR (NYSE:WIT) trade information
Wipro Ltd. ADR (WIT) registered a -1.38% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.38% in intraday trading to $2.86, hitting a weekly high. The stock’s 5-day price performance is -1.72%, and it has moved by 0.70% in 30 days. Based on these gigs, the overall price performance for the year is 4.76%.
The consensus price target of analysts on Wall Street is $7.35, which implies an increase of 61.09% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $7.7 respectively. As a result, WIT is trading at a discount of -169.23% off the target high and -144.76% off the low.
Wipro Ltd. ADR (WIT) estimates and forecasts
In the rating firms’ projections, revenue will increase 0.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 219.23B as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 221.8B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 219.64B and 223.02B respectively. In this case, analysts expect current quarter sales to shrink by -0.18% and then drop by -0.55% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.81%. While earnings are projected to return 0.49% in 2025, the next five years will return 3.73% per annum.
WIT Dividends
Wipro Ltd. ADR is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Wipro Ltd. ADR is 0.07, with the dividend yield indicating at 2.41 percent, continuing the trend of increasing dividends in recent years.
Wipro Ltd. ADR (NYSE:WIT)’s Major holders
The next largest institutional holding, with 12.61 million shares, is of VANGUARD GROUP INC’s that is approximately 0.4827% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $76.94 million.
Also, the Mutual Funds coming in first place with the largest holdings of Wipro Ltd. ADR (WIT) shares are First TRT Exch-Trd Fd.-First TRT Value Line Dividend Index Fd. and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund. Data provided on Apr 30, 2025 indicates that First TRT Exch-Trd Fd.-First TRT Value Line Dividend Index Fd. owns about 14.46 shares. This amounts to just over 0.14 percent of the company’s overall shares, with a $41.35 million market value. The same data shows that the other fund manager holds slightly less at 11.57, or about 0.11% of the stock, which is worth about $33.1 million.
