TTEC Holdings Inc (NASDAQ:TTEC) price on current trading day, fall -3.68% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.76.
A look at the stock’s price movement, the close in the last trading session was $5.98, moving within a range at $5.655 and $6.04. The beta value (5-Year monthly) was 1.04. Turning to its 52-week performance, $28.38 and $3.67 were the 52-week high and 52-week low respectively. Overall, TTEC moved 15.66% over the past month.
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TTEC Holdings Inc’s market cap currently stands at around $274.87 million, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 0.58, with its dividend yield at 10.07%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 539.11M for the company’s revenue for the quarter, with a low and high estimate of 525.2M and 550.9M respectively. The average forecast suggests down to a -10.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.22B, representing a -9.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TTEC is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend TTEC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TTEC’s current price about 31.07% and 11.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.86, while 7-day volatility ratio is 8.70% and 7.59% in the 30-day chart. Further, TTEC Holdings Inc (TTEC) has a beta value of 1.04, and an average true range (ATR) of 0.43. Analysts have given the company’s stock an average 52-week price target of $40, forecast between a low of $8 and high of $59. Looking at the price targets, the low is -38.89% off current price level while to achieve the yearly target high, price needs to move -924.31%. Nonetheless, investors will most likely welcome a -594.44% jump to $40 which is the analysts’ median price.
If we refocus on TTEC Holdings Inc (NASDAQ:TTEC), historical trading data shows that trading volumes averaged 2.69 over the past 10 days and 801.15K over the past 3 months. The company’s latest data on shares outstanding shows there are 47.43 million shares.
The 58.92% of TTEC Holdings Inc’s shares are in the hands of company insiders while institutional holders own 37.17% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.78 million on 2024-09-13, giving us a short ratio of 7.74. The data shows that as of 2024-09-13 short interest in TTEC Holdings Inc (TTEC) stood at 1921.9998999999998 of shares outstanding, with shares short rising to 3.35 million registered in 2024-08-15. Current price change has pushed the stock -73.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TTEC stock continues to rise going into the next quarter.
