TTEC (TTEC) Shows Fast-paced Momentum But Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum [2] Group 2: TTEC Holdings as a Momentum Stock - TTEC Holdings (TTEC) has shown significant recent price momentum with a four-week price change of 29.3% [3] - Over the past 12 weeks, TTEC's stock has gained 49.3%, indicating strong long-term momentum [4] - TTEC has a beta of 1.22, suggesting it moves 22% more than the market in either direction [4] - TTEC has a Momentum Score of A, indicating a favorable entry point for investors [5] Group 3: Earnings Estimates and Valuation - TTEC has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [6] - The stock is trading at a Price-to-Sales ratio of 0.11, indicating it is relatively cheap at 11 cents for each dollar of sales [6] - TTEC appears to have significant potential for further price appreciation [7]