TDCX Inc. (NYSE: TDCX) stock jumped 3.04% on Wednesday to $10.52 against a previous-day closing price of $10.21. With 0.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.24 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $10.66 whereas the lowest price it dropped to was $10.14. The 52-week range on TDCX shows that it touched its highest point at $23.36 and its lowest point at $6.52 during that stretch. It currently has a 1-year price target of $15.88.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TDCX was down-trending over the past week, with a drop of -20.36%, but this was down by -11.07% over a month. Three-month performance surged to 10.39% while six-month performance fell -13.42%. The stock lost -53.51% in the past year, while it has lost -45.07% so far this year. A look at the trailing 12-month EPS for TDCX yields 0.57 with Next year EPS estimates of 0.92. For the next quarter, that number is 0.20. This implies an EPS growth rate of 33.70% for this year and 21.16% for next year.
Float and Shares Shorts:
At present, 145.60 million TDCX shares are outstanding with a float of 22.06 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.88 million, which was 0.61% higher than short shares on Sep 14, 2022. In addition to Mr. Laurent Junique as the firm’s Founder, Exec. Chairman & CEO, Mr. Tze Neng Chin serves as its CFO & Director.
Through their ownership of 105.31% of TDCX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.96% of TDCX, in contrast to 44.09% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TDCX with 11.78% of the stake, Goldman Sachs Asset Management LP holds 2,622,506 shares worth 2,622,506. A second-largest stockholder of TDCX, Morgan Stanley Investment Managem, holds 1,812,790 shares, controlling over 8.14% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in TDCX, holding 1,781,024 shares or 8.00% stake. With a 8.00% stake in TDCX, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,781,024 shares are owned by the mutual fund manager. The Morgan Stanley Invt. Fds. – Emerg, which owns about 5.78% of TDCX stock, is the second-largest Mutual Fund holder. It holds 1,286,698 shares valued at 16.65 million. Government Pension Fund – Global holds 3.91% of the stake in TDCX, owning 869,999 shares worth 11.26 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TDCX since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TDCX analysts setting a high price target of $26.20 and a low target of $19.03, the average target price over the next 12 months is $21.94. Based on these targets, TDCX could surge 149.05% to reach the target high and rise by 80.89% to reach the target low. Reaching the average price target will result in a growth of 108.56% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TDCX will report FY 2022 earnings on 03/08/2023. Analysts have provided yearly estimates in a range of $1.03 being high and $0.76 being low. For TDCX, this leads to a yearly average estimate of $0.86. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. TDCX Inc. surprised analysts by -$0.04 when it reported $0.11 EPS against a consensus estimate of $0.14. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.12 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.12.