TTEC Holdings Inc (TTEC) stock: 12-month forecast projects 376.23% potential return%

TTEC Holdings Inc [TTEC] stock prices are down -2.73% to $7.49 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TTEC shares have gain 19.27% over the last week, with a monthly amount glided 16.67%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

TTEC Holdings Inc [NASDAQ: TTEC] stock has seen the most recent analyst activity on March 19, 2024, when Guggenheim initiated its Sell rating and assigned the stock a price target of $8. Previously, Canaccord Genuity downgraded its rating to Hold on March 06, 2024. On March 04, 2024, downgrade downgraded it’s rating to Mkt Perform. Barrington Research upgraded its rating to a Outperform but stick to its price target of $18 on November 10, 2023. Morgan Stanley upgraded its rating to a Equal-Weight but $31 remained the price target by the analyst firm on August 14, 2023. Barrington Research downgraded its rating to Mkt Perform for this stock on March 02, 2023. In a note dated October 10, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $68 to $48.

The stock price of TTEC Holdings Inc [TTEC] has been fluctuating between $5.01 and $35.67 over the past year. Currently, Wall Street analysts expect the stock to reach $35.67 within the next 12 months. TTEC Holdings Inc [NASDAQ: TTEC] shares were valued at $7.49 at the most recent close of the market. An investor can expect a potential return of 376.23% based on the average TTEC price forecast.

Analyzing the TTEC fundamentals

The TTEC Holdings Inc [NASDAQ:TTEC] reported sales of 2.40B for trailing twelve months, representing a drop of -9.13%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.81.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.24 points at the first support level, and at 6.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.95, and for the 2nd resistance point, it is at 8.40.

Ratios To Look Out For

It’s worth pointing out that TTEC Holdings Inc [NASDAQ:TTEC]’s Current Ratio is 1.61. In addition, the Quick Ratio stands at 1.61 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 0.60.

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