A new trading day began on Friday, with Tower Semiconductor Ltd. (NASDAQ: TSEM) stock price down -5.17% from the previous day of trading, before settling in for the closing price of $33.30. TSEM’s price has ranged from $21.43 to $45.87 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged -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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Tower Semiconductor Ltd. is 0.00%, while institutional ownership is 72.23%.
Tower Semiconductor Ltd. (TSEM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 31.58 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
Here are Tower Semiconductor Ltd.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.46. Likewise, its price to free cash flow for the trailing twelve months is 15.63.
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 0.63 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 39.59%. Additionally, its Average True Range was 1.03.
During the past 100 days, Tower Semiconductor Ltd.’s (TSEM) raw stochastic average was set at 59.90%, which indicates a significant increase from 7.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.79% in the past 14 days, which was lower than the 31.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.17, while its 200-day Moving Average is $30.02. However, in the short run, Tower Semiconductor Ltd.’s stock first resistance to watch stands at $32.52. Second resistance stands at $33.46. The third major resistance level sits at $34.06. If the price goes on to break the first support level at $30.99, it is likely to go to the next support level at $30.39. Assuming the price breaks the second support level, the third support level stands at $29.45.
Tower Semiconductor Ltd. (NASDAQ: TSEM) Key Stats
With a market capitalization of 3.50 billion, the company has a total of 109,285K Shares Outstanding. Currently, annual sales are 1,423 M while annual income is 518,490 K. The company’s previous quarter sales were 351,710 K while its latest quarter income was 53,850 K.
