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TDCX Inc. (NYSE: TDCX) Jumps 5.37%: Is This A Sign Of Things To Come?

TDCX Inc. (NYSE:TDCX) shares, rose in value on Friday, 05/13/22, with the stock price up by 5.37% to the previous day’s close as strong demand from buyers drove the stock to $10.59.

Actively observing the price movement in the last trading, the stock closed the session at $10.05, falling within a range of $10.29 and $10.98. The PE ratio was 19.40 over 12-month period. Referring to stock’s 52-week performance, its high was $30.00, and the low was $9.51. On the whole, TDCX has fluctuated by -26.36% over the past month.

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With the market capitalization of TDCX Inc. currently standing at about $1.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 24, 2021.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.

5 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 5 recommend it as a Buy and 0 called the TDCX stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.97, with the price of TDCX currently trading nearly -17.64% and -16.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.23, while the 7-day volatility ratio is showing 12.17% which for the 30-day chart, stands at 9.19%. Furthermore, TDCX Inc. (TDCX)’s average true range (ATR) is 1.09. The company’s stock has been forecasted to trade at an average price of $30.48 over the course of the next 52 weeks, with a low of $24.34 and a high of $33.26. Based on these price targets, the low is -129.84% off current price, whereas the price has to move -214.07% to reach the yearly target high. Additionally, analysts’ median price of $32.18 is likely to be welcomed by investors because it represents a decrease of -203.87% from the current levels.

In comparison, Accenture plc (ACN) has moved higher at 1.98% on the day and was down -0.50% over the past 12 months. On the other hand, the price of Cognizant Technology Solutions Corporation (CTSH) has fallen -0.22% on the day. The stock, however, is off 3.34% from where it was a year ago. Additionally, there is a gain of 0.61% for AT&T Inc. (T) in last trading while the stock has seen an overall depriciation of -18.72%% over the past year. The PE ratio stands at 19.40 for TDCX Inc., compared to 28.90 for Accenture plc, and 17.60 for Cognizant Technology Solutions Corporation. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for TDCX Inc. (NYSE:TDCX) indicates that the trading volumes over the past 3 months, they’ve averaged 283.75K. According to company’s latest data on outstanding shares, there are 145.76 million shares outstanding.

The stock has fallen by -44.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TDCX stock heading into the next quarter.

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