TTEC Holdings Inc (NASDAQ: TTEC)’s stock price has gone decline by -11.74 in comparison to its previous close of 8.26, however, the company has experienced a -3.12% decrease in its stock price over the last five trading days. Benzinga reported 2024-03-08 that The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Is It Worth Investing in TTEC Holdings Inc (NASDAQ: TTEC) Right Now?
The 36-month beta value for TTEC is also noteworthy at 1.17. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for TTEC is 19.36M, and at present, short sellers hold a 16.57% of that float. The average trading volume of TTEC on May 09, 2024 was 372.51K shares.
TTEC’s Market Performance
TTEC stock saw a decrease of -3.12% in the past week, with a monthly decline of -14.64% and a quarterly a decrease of -59.99%. The volatility ratio for the week is 5.05%, and the volatility levels for the last 30 days are 5.44% for TTEC Holdings Inc (TTEC). The simple moving average for the past 20 days is -8.11% for TTEC’s stock, with a -63.32% simple moving average for the past 200 days.
Analysts’ Opinion of TTEC
Many brokerage firms have already submitted their reports for TTEC stocks, with Guggenheim repeating the rating for TTEC by listing it as a “Sell.” The predicted price for TTEC in the upcoming period, according to Guggenheim is $8 based on the research report published on March 19, 2024 of the current year 2024.
TTEC Trading at -25.21% from the 50-Day Moving Average
After a stumble in the market that brought TTEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.90% of loss for the given period.
Volatility was left at 5.44%, however, over the last 30 days, the volatility rate increased by 5.05%, as shares sank -12.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.70% lower at present.
During the last 5 trading sessions, TTEC fell by -2.59%, which changed the moving average for the period of 200-days by -78.02% in comparison to the 20-day moving average, which settled at $7.88. In addition, TTEC Holdings Inc saw -66.36% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TTEC starting from Holtzman Marc, who purchase 300 shares at the price of $32.32 back on Jun 01 ’23. After this action, Holtzman Marc now owns 300 shares of TTEC Holdings Inc, valued at $9,696 using the latest closing price.
Holtzman Marc, the Director of TTEC Holdings Inc, purchase 7,960 shares at $31.40 during a trade that took place back on May 31 ’23, which means that Holtzman Marc is holding 33,229 shares at $249,943 based on the most recent closing price.
Stock Fundamentals for TTEC
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.2 for the gross margin
The net margin for TTEC Holdings Inc stands at 0.0. The total capital return value is set at 0.07. Equity return is now at value -2.11, with -0.59 for asset returns.
Based on TTEC Holdings Inc (TTEC), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is 1.54.
Currently, EBITDA for the company is 235.1 million with net debt to EBITDA at 3.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 5.95for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.
Conclusion
In summary, TTEC Holdings Inc (TTEC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
