Tower Semiconductor Ltd. (NASDAQ: TSEM) on May 23, 2023, started off the session at the price of $40.60, plunging -1.52% from the previous trading day. During the day, the shares moved up to $40.70 and dropped to $39.75 before settling in for the closing price of $40.66. Within the past 52 weeks, TSEM’s price has moved between $39.28 and $49.11.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Technology sector has jumped its sales by 3.90% annually for the last half of the decade. The company achieved an average annual earnings per share of 74.80%. With a float of $109.13 million, this company’s outstanding shares have now reached $109.96 million.
In an organization with 5613 employees, it is important to assess its efficiency.
Tower Semiconductor Ltd. (TSEM) Insider and Institutional Ownership
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Tower Semiconductor Ltd. is 19.60%, while institutional ownership is 59.10%.
Tower Semiconductor Ltd. (TSEM) Latest Financial update
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.36 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.47) by -$0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 74.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -2.30% drop over the previous five years of trading.
Tower Semiconductor Ltd. (NASDAQ: TSEM) Trading Performance Indicators
Tower Semiconductor Ltd. (TSEM) is currently performing well based on its current performance indicators. A quick ratio of 3.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.64. Likewise, its price to free cash flow for the trailing twelve months is 59.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.39, a number that is poised to hit 0.49 in the next quarter and is forecasted to reach 2.47 in one year’s time.
Technical Analysis of Tower Semiconductor Ltd. (TSEM)
Let’s dig in a bit further. During the last 5-days, its volume was 0.78 million. That was better than the volume of 0.61 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 46.79%. Additionally, its Average True Range was 0.91.
During the past 100 days, Tower Semiconductor Ltd.’s (TSEM) raw stochastic average was set at 11.60%, which indicates a significant decrease from 14.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.32% in the past 14 days, which was higher than the 17.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.55, while its 200-day Moving Average is $43.33. However, in the short run, Tower Semiconductor Ltd.’s stock first resistance to watch stands at $40.58. Second resistance stands at $41.11. The third major resistance level sits at $41.53. If the price goes on to break the first support level at $39.63, it is likely to go to the next support level at $39.21. The third support level lies at $38.68 if the price breaches the second support level.
Tower Semiconductor Ltd. (NASDAQ: TSEM) Key Stats
Market capitalization of the company is 4.44 billion based on 109,285K outstanding shares. Right now, sales total 1,678 M and income totals 264,570 K. The company made 355,610 K in profit during its latest quarter, and 71,400 K in sales during its previous quarter.
