Time to Buy Beat-Down Wipro Limited (WIT) Stock? Here is the INSIGHT

For the readers interested in the stock health of Wipro Limited (WIT). It is currently valued at $5.38. When the transactions were called off in the previous session, Stock hit the highs of $5.44, after setting-off with the price of $5.42. Company’s stock value dipped to $5.315 during the trading on the day. When the trading was stopped its value was $5.41.

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Recently in News on December 10, 2020, Wipro and LogiNext Partner to Launch Integrated Logistics Platform. Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, and LogiNext, a fast-growing technology company on a mission to optimize and automate the world of logistics, today announced a partnership. You can read further details here

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Wipro Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.50 on 12/02/20, with the lowest value was $2.52 for the same time period, recorded on 03/19/20.

Wipro Limited (WIT) full year performance was 41.58%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Wipro Limited shares are logging -2.18% during the 52-week period from high price, and 113.49% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.52 and $5.50.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2152418 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Wipro Limited (WIT) recorded performance in the market was 43.47%, having the revenues showcasing 11.39% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 27.85B, as it employees total of 180000 workers.

Analysts verdict on Wipro Limited (WIT)

During the last month, 10 analysts gave the Wipro Limited a BUY rating, 5 of the polled analysts branded the stock as an OVERWEIGHT, 11 analysts were recommending to HOLD this stock, 3 of them gave the stock UNDERWEIGHT rating, and 11 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.77, with a change in the price was noted +1.41. In a similar fashion, Wipro Limited posted a movement of +35.52% for the period of last 100 days, recording 1,380,736 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WIT is recording 0.15 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.02.

Wipro Limited (WIT): Technical Analysis

Raw Stochastic average of Wipro Limited in the period of last 50 days is set at 83.78%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.92%. In the last 20 days, the company’s Stochastic %K was 70.51% and its Stochastic %D was recorded 65.83%.

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Let’s take a glance in the erstwhile performances of Wipro Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 43.47%. Additionally, trading for the stock in the period of the last six months notably improved by 61.08%, alongside a boost of 41.58% for the period of the last 12 months. The shares increased approximately by 1.32% in the 7-day charts and went down by 5.49% in the period of the last 30 days. Common stock shares were driven by 11.39% during last recorded quarter.

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