On Tuesday, Tower Semiconductor Ltd. (NASDAQ: TSEM) was 2.89% jump from the session before ,before settling in for the closing price of $33.51. A 52-week range for TSEM has been $21.43 – $45.87.
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A company in the Technology sector has jumped its sales by 2.48% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -15.05%. With a float of $110.83 million, this company’s outstanding shares have now reached $110.83 million.
Tower Semiconductor Ltd. (TSEM) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Tower Semiconductor Ltd. stocks. The insider ownership of Tower Semiconductor Ltd. is 0.00%, while institutional ownership is 72.20%.
Tower Semiconductor Ltd. (TSEM) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $0.55 earnings per share (EPS) during the time that was better than consensus figure (set at $0.52) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -15.05% 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 28.34% growth over the previous five years of trading.
Tower Semiconductor Ltd. (NASDAQ: TSEM) Trading Performance Indicators
You can see what Tower Semiconductor Ltd. (TSEM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 5.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.69. Likewise, its price to free cash flow for the trailing twelve months is 17.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.66, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 2.21 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 0.52 million. That was inferior than the volume of 0.68 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.17%. Additionally, its Average True Range was 0.91.
During the past 100 days, Tower Semiconductor Ltd.’s (TSEM) raw stochastic average was set at 97.01%, which indicates a significant increase from 95.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.62% in the past 14 days, which was lower than the 31.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.94, while its 200-day Moving Average is $30.10. However, in the short run, Tower Semiconductor Ltd.’s stock first resistance to watch stands at $34.71. Second resistance stands at $34.94. The third major resistance level sits at $35.30. If the price goes on to break the first support level at $34.12, it is likely to go to the next support level at $33.76. The third support level lies at $33.53 if the price breaches the second support level.
Tower Semiconductor Ltd. (NASDAQ: TSEM) Key Stats
There are 109,285K outstanding shares of the company, which has a market capitalization of 3.82 billion. As of now, sales total 1,423 M while income totals 518,490 K. Its latest quarter income was 351,710 K while its last quarter net income were 53,850 K.
