TTEC Holdings Inc (NASDAQ: TTEC) Is Rated A Buy By Analysts.

In the last trading session, 2.63 million TTEC Holdings Inc (NASDAQ:TTEC) shares changed hands as the company’s beta touched 1.05. With the company’s per share price at $5.98 changed hands at $0.11 or 1.87% during last session, the market valuation stood at $285.37M. TTEC’s last price was a discount, traded about -374.58% off its 52-week high of $28.38. The share price had its 52-week low at $3.67, which suggests the last value was 38.63% up since then. When we look at TTEC Holdings Inc’s average trading volume, we note the 10-day average is 2.62 million shares, with the 3-month average coming to 766.15K.

Analysts gave the TTEC Holdings Inc (TTEC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 1 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended TTEC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.

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TTEC Holdings Inc (NASDAQ:TTEC) trade information

Instantly TTEC was in green as seen at the end of in last trading. With action 52.55%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -72.40%, with the 5-day performance at 52.55% in the green. However, in the 30-day time frame, TTEC Holdings Inc (NASDAQ:TTEC) is 17.03% up. Looking at the short shares, we see there were 3.78 million shares sold at short interest cover period of 7.74 days.

The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 85.05% from its current market value. According to analyst projections, TTEC’s forecast low is 8 with 59 as the target high. To hit the forecast high, the stock’s price needs a -886.62% plunge from its current level, while the stock would need to soar -33.78% for it to hit the projected low.

TTEC Holdings Inc (TTEC) estimates and forecasts

Data shows that the TTEC Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -37.97% over the past 6 months, a -62.39% in annual growth rate that is considerably lower than the industry average of 18.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.46%. The 2024 estimates are for TTEC Holdings Inc earnings to decrease by -63.11%, but the outlook for the next 5-year period is at 4.00% per year.

TTEC Dividends

TTEC Holdings Inc is expected to release its next quarterly earnings report in November. The 9.70% annual yield figure for the share gives it an annual dividend of 0.58. It is important to note, however, that the 9.70% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.84 per year.

TTEC Holdings Inc (NASDAQ:TTEC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 58.92% of TTEC Holdings Inc shares while 37.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.66%. There are 37.66% institutions holding the TTEC Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.1483% of the shares, roughly 1.97 million TTEC shares worth $11.57 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.7078% or 1.76 million shares worth $10.34 million as of 2024-06-30.