Wipro Ltd. ADR (NYSE:WIT)’s traded shares stood at 5.48 million during the last session, with the company’s beta value hitting 1.02. At the close of trading, the stock’s price was $3.00, to imply an increase of 1.01% or $0.03 in intraday trading. The WIT share’s 52-week high remains $3.79, putting it -26.33% down since that peak but still an impressive 12.33% since price per share fell to its 52-week low of $2.63.
Analysts have given a consensus recommendation of Hold for Wipro Ltd. ADR (WIT), translating to a mean rating of 3.28. Of 5 analyst(s) looking at the stock, 1 analyst(s) give WIT a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy.
Wipro Ltd. ADR (NYSE:WIT) trade information
After registering a 1.01% upside in the last session, Wipro Ltd. ADR (WIT) has traded red over the past five days. The 5-day price performance for the stock is 5.63%, and 0.33% over 30 days. With these gigs, the year-to-date price performance is -15.25%.
The extremes give us $7 and $7.7 for target low and target high price respectively. As such, WIT has been trading -156.67% off suggested target high and -133.33% from its likely low.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.81% for the past 5-year period. While 2025 is set for a 0.63% return in earnings, projections for the next 5 years are at 3.92% annually.
WIT Dividends
Wipro Ltd. ADR has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Wipro Ltd. ADR has a forward dividend ratio of 0.07, with the share yield ticking at 2.30% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 12.61 million shares, or about 0.4827% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $76.94 million.
