Wipro Ltd. ADR (NYSE:WIT) shares, rose in value on Wednesday, May 07, with the stock price up by 0.35% to the previous day’s close as strong demand from buyers drove the stock to $2.90.
Actively observing the price movement in the last trading, the stock closed the session at $2.89. The PE ratio was 22.34 over 12-month period. Referring to stock’s 52-week performance, its high was $3.79, and the low was $2.55. On the whole, WIT has fluctuated by 1.75% over the past month.
With the market capitalization of Wipro Ltd. ADR currently standing at about $30.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 2.38%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WIT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.97, with the price of WIT currently trading nearly 2.31% and -3.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.72, while the 7-day volatility ratio is showing 1.55% which for the 30-day chart, stands at 3.08%. Furthermore, Wipro Ltd. ADR (WIT)’s beta value is 1.04, and its average true range (ATR) is 0.08.
A comparison of Wipro Ltd. ADR (WIT) with its peers suggests the former has fared considerably weaker in the market. WIT showed an intraday change of 0.35% in last session, and over the past year, it grew by 7.41%%.
Data on historical trading for Wipro Ltd. ADR (NYSE:WIT) indicates that the trading volumes over the past 3 months, they’ve averaged 5.99 million. According to company’s latest data on outstanding shares, there are 10.46 billion shares outstanding.
Nearly 0.00% of Wipro Ltd. ADR’s shares belong to company insiders and institutional investors own 2.97% of the company’s shares. The stock has fallen by -18.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WIT stock heading into the next quarter.
