Tech Stock in Drift: Wipro Limited (ADR) (NYSE:WIT)

Shares of Wipro Limited (ADR) (NYSE:WIT) ended Wednesday session in green amid volatile trading. The shares closed up +0.08 points or 0.86% at $9.36 with 743,533 shares getting traded. Post opening the session at $9.21, the shares hit an intraday low of $9.21 and an intraday high of $9.45 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $16.60 billion and the number of outstanding shares have been calculated to be 2.47 billion shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at -0.85%, resulting in a performance for the month at -6.31%. Therefore, the stated figure displays a quarterly performance of -14.29% and an annual performance of -19.72%.traded up 0.86% on 16 November, 2016 hitting $9.36.

EPS (Earning Per Share )

The EPS of WIT is strolling at 0.53, measuring its EPS growth this year at 2.80%. As a result, the company has an EPS growth of 9.76% for the approaching year. Company’s EPS for the past five years is valued at 9.70%, leading it to an EPS value of 10.50% for the next five years.

P/E-P/S-P/B-P/C-P/FCF

WIT P/E ratio is measuring at 17.79 with a forward P/E of 15.70. As of now, Wipro Limited has a P/S value of 2.05, measuring P/B at 3.12. Its P/Cash is valued at 3.50 and P/FCF is at 27.90.

Beta/ATR/Volatility

Beta factor is stands at 1.00 and Avg. true range is 0.19. Historically, the volatility of this stock is about 2.24% a week and 1.64% a month.

Wipro Limited (ADR) (WIT) recently declared that Wipro has been cited as a “Leader” by technology global research and advisory firm Forrester Research Inc. in its report, ‘The Forrester Wave™: Services Providers for Next-Generation Oracle Application Projects, Q3 2016.’

Forrester evaluated 13 service providers across three categories of current offering, strategy and market presence.

Forrester wrote, “Wipro is a proven provider making big investments in the shift to cloud. It has a long track record of delivering Oracle services… [Wipro] was recognized by Oracle with a co-innovation award at Oracle’s Collaborate conference in 2016.” Forrester has also cited Wipro’s “investment in and exclusive partnership with Drivestream.”

According to the Forrester report: “Wipro wants to be the partner of choice for tomorrow’s digital businesses; it has invested in its own artificial intelligence tool, [Wipro HOLMES Artificial Intelligence Platform™], and in next-generation Oracle technologies. Wipro has recently started to invest in digital experience and customer journey mapping capabilities, counting its acquisition of Designit and associated studios.”

 

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