Wipro Limited (NYSE:WIT) finished Wednesday with an addition of $0.65 to close at $9.57, an upside of 7.29 percent. An average of 2,769,200 shares of common stock have been traded in the last five days. There was a gain of $0.77 in the past week. The last 20 days have seen an average of 2,309,215 shares traded, while the 50-day average volume stands at 1,976,744.
WIT stock has increased by 0.21% in the last month. The company shares reached their 1-month lowest point of $8.70 on 10/06/21. With the stock rallying to its 52-week high on 09/07/21, shares of the company touched a low of $4.76 and a high of $9.80 in 52 weeks. In spite of this, the price is down -2.36% from the 52-week high.
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Wipro Limited (WIT) has a trailing price-to-earnings (P/E) ratio of 34.42, which compares with the 29.20 for the broader industry and 37.24 for the sector. In the last five years, Wipro Limited’s PE ratio has ranged between 34.37 and 10.87. The stock’s beta is 0.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.84, the price-to-book (PB) ratio at 6.65, and the price-to-cash flow ratio at 31.95.
Wipro Limited pays a $0.01 dividend per share annually. It offers a dividend yield of 0.10%. The company has a payout ratio of 358.80%. The company’s most recent quarterly dividend payment took place on Jan. 25, and it was $0.0120 a share, representing a down of -33.33 from $0.0160 last year. Its latest decrease dividend $0.0040 reported on Wednesday January 13 2021. Dividends have grown by 25.14% each year over the last three years.
Wipro Limited will next go ex-dividend on 24-Jan. The next dividend payment Wipro Limited will make is expected to be $0.012.
The quick ratio of Wipro Limited for the three months ended June 29 was 2.20, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.24 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 31.50% against a 5-year average of 29.6%. Wipro Limited’s EBITDA margin for the year ending June 29 is 24.02%, while its operating margin for the same period stands at 20.00%. Its gross profit as reported stood at $2.68 billion compared to revenue of $8.47 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Wipro Limited’s return on assets was 13.10%, compared to 11.5% over the last five years. In the past year, the return on investment has been 14.10%, and the 5-year average is 12.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 20.40% and the 5-year average holds at 17.4%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended June 29, Wipro Limited had $34.0 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $8.47 billion in the quarter, while revenues of $0.0 were grew 4.43%. The analyst consensus anticipated Wipro Limited’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.08, a 14.30% surprise. For the quarter, EBITDA amounted to $581.0 million.
From a technical analysis perspective, let’s take a brief look at Wipro Limited (WIT) price momentum. RSI 9-day as of the close on 13 October was 68.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.86%.
As of today, WIT’s price is $9.01 +8.75% or $0.77 from its 5-day moving average. WIT is currently trading -0.73% lower than its 20-day SMA and +26.92% higher than its 100-day SMA. However, the stock’s current price level is +11.67% above the SMA50 and +71.51% above the SMA200.
The stochastic %K and %D were 41.43% and 23.97%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 90.10% and the average true range at 0.22, the RSI (14) stands at 62.33%. The stock has reached 0.15 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.
JP Morgan upgraded Wipro Limited (NYSE: WIT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a an Underweight.The consensus rating for Wipro Limited (WIT) among analysts is Hold. According to current brokerage recommendations, 8 brokerage firms advise that investors sell WIT, while 15 suggest investors hold. There are 6 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 7 others rate it as a “buy”.
What is WIT’s price target for the next 12 months?
Analysts predict a range of price targets between $6.47 and $10.28, with a median target of $8.67. Taking a look at these predictions, the average price target given by analysts for Wipro Limited (WIT) stock is $8.48.