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How to buy Wipro stock in Canada | $7.83

Own Wipro shares in just a few minutes.

Wipro Limited
NYSE: WIT - USD
INFORMATION TECHNOLOGY SERVICES
$8.41
+$0.06 (+0.66%)

Wipro is an information technology services business based in the US. Wipro stocks (WIT.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $7.54 – an increase of 3.57% over the previous week. Wipro employs 200,000 staff and has a trailing 12-month revenue of around $652.8 billion.

How to buy Wipro stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: WIT in this case.
  5. Research Wipro stocks. The platform should provide the latest information available.
  6. Buy your Wipro stocks. It's that simple.

How has Coronavirus impacted Wipro's stock price?

Since the stock market crash in March caused by coronavirus, Wipro's stock price has had significant positive movement.

Its last market close was $7.83, which is 51.34% up on its pre-crash value of $3.81 and 210.71% up on the lowest point reached during the March crash when the stocks fell as low as $2.52.

If you had bought $1,000 worth of Wipro stocks at the start of February 2020, those stocks would have been worth $741.04 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $2,157.01.

Wipro stock price

Use our graph to track the performance of WIT stocks over time.

Wipro stocks at a glance

Information last updated 2021-07-23.
Latest market close$7.83
52-week range$3.9219 - $8.47
50-day moving average $7.955
200-day moving average $7.0371
Wall St. target price$5.72
PE ratio 29.9283
Dividend yield $1 (12.08%)
Earnings per share (TTM) $0.279

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Note: The dollar amounts in the table below are in Canadian dollars.

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Is it a good time to buy Wipro stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Wipro price performance over time

Historical closes compared with the last close of $7.83

1 month (2021-06-28) -0.51%
3 months (2021-04-28) 8.60%

Is Wipro under- or over-valued?

Valuing Wipro stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Wipro's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Wipro's P/E ratio

Wipro's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Wipro stocks trade at around 30x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the stocks or simply that they're over-valued.

Wipro's PEG ratio

Wipro's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.0763. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Wipro's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Wipro's EBITDA

Wipro's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$147.8 billion.

The EBITDA is a measure of a Wipro's overall financial performance and is widely used to measure a its profitability.

Wipro financials

Revenue TTM USD$652.8 billion
Operating margin TTM 19.71%
Gross profit TTM USD$196.2 billion
Return on assets TTM 9.31%
Return on equity TTM 1944%
Profit margin 17.84%
Book value $101.304
Market capitalisation USD$45.8 billion

TTM: trailing 12 months

How to short and sell Wipro stocks

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "WIT.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 10.4 million Wipro stocks held short by investors – that's known as Wipro's "short interest". This figure is 16.3% down from 12.5 million last month.

There are a few different ways that this level of interest in shorting Wipro stocks can be evaluated.

Wipro's "short interest ratio" (SIR)

Wipro's "short interest ratio" (SIR) is the quantity of Wipro stocks currently shorted divided by the average quantity of Wipro stocks traded daily (recently around 1.9 million). Wipro's SIR currently stands at 5.57. In other words for every 100,000 Wipro stocks traded daily on the market, roughly 5570 stocks are currently held short.

However Wipro's short interest can also be evaluated against the total number of Wipro stocks, or, against the total number of tradable Wipro stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Wipro's short interest could be expressed as 0% of the outstanding stocks (for every 100,000 Wipro stocks in existence, roughly 0 stocks are currently held short) or 0.0074% of the tradable stocks (for every 100,000 tradable Wipro stocks, roughly 7 stocks are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the stock price, with fewer people currently willing to bet against Wipro.

Find out more about how you can short Wipro stock.

Wipro stock dividends

4%

Dividend payout ratio: 4.07% of net profits

Recently Wipro has paid out, on average, around 4.07% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.17% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Wipro shareholders could enjoy a 0.17% return on their shares, in the form of dividend payments. In Wipro's case, that would currently equate to about $1 per share.

While Wipro's payout ratio might seem low, this can signify that Wipro is investing more in its future growth.

Wipro's most recent dividend payout was on 8 February 2021. The latest dividend was paid out to all shareholders who bought their stocks by 21 January 2021 (the "ex-dividend date").

Have Wipro stocks ever split?

Wipro stocks were split on a 4:3 basis on 14 March 2019. So if you had owned 3 shares the day before before the split, the next day you'd have owned 4 shares. This wouldn't directly have changed the overall worth of your Wipro stocks – just the quantity. However, indirectly, the new 25% lower stock price could have impacted the market appetite for Wipro stocks which in turn could have impacted Wipro's stock price.

Wipro stock price volatility

Over the last 12 months, Wipro's stocks have ranged in value from as little as $3.9219 up to $8.47. A popular way to gauge a stock's volatility is its "beta".

WIT.US volatility(beta: 0.64)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Wipro's is 0.6437. This would suggest that Wipro's stocks are less volatile than average (for this exchange).

Wipro overview

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and/or departments owned or controlled by the Government of India and/or various Indian State Governments. Wipro Limited has a collaboration agreement with FEV Europe GmbH to develop and market software defined vehicles. The company was incorporated in 1945 and is based in Bengaluru, India.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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