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Uncovering the Potential of Wipro Ltd. ADR (WIT) Stock

In terms of market performance, Wipro Ltd. ADR had a fairly even. The highest value for the stock in the past year was $6.45 on 02/16/24, and the lowest value was recorded at $4.48 on 10/26/23.

52-week price history of WIT Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Wipro Ltd. ADR’s current trading price is -15.74% away from its 52-week high, while its distance from the 52-week low is 21.32%. The stock’s price range during this period has spanned from $4.48 to $6.45. In the Technology sector, the Wipro Ltd. ADR’s shares surpassed a trading volume of approximately 2.18 million for the day, which was noticeably lower compared to the average daily volume of 9.2.86 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Wipro Ltd. ADR (WIT) has experienced a quarterly decline of -12.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 28.41B and boasts a workforce of 250000 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 5.73, with a change in price of +0.24. Similarly, Wipro Ltd. ADR recorded 2,794,034 in trading volume during the last 100 days, posting a change of +4.62%.

Examining WIT’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for WIT stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.10.

WIT Stock Stochastic Average

Today’s raw stochastic average for Wipro Ltd. ADR over the last 50 days is 26.76%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 70.97%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 71.66% and 64.48%, respectively.

WIT Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price loss of -2.42% this year. Over the last six months, there has been a weaker performance of 17.90%. The price of WIT fallen by 3.52% during the last 30 days period. For the last 5-days stocks have improved 1.02%.

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