Tower Semiconductor Ltd (TSEM) is gearing up for another turning point as it hit the volume of 1.16 million

On Friday, Tower Semiconductor Ltd (NASDAQ: TSEM) was -3.78% drop from the session before settling in for the closing price of $46.30. A 52-week range for TSEM has been $26.62 – $50.25.

During the last 5-year period, the sales growth of Technology Sector giant was 2.48%. When this article was written, the company’s average yearly earnings per share was at -5.71%. With a float of $111.07 million, this company’s outstanding shares have now reached $111.07 million.

Let’s determine the extent of company efficiency that accounts for 5215 employees. In terms of profitability, gross margin is 23.83%, operating margin of 35.31%, and the pretax margin is 38.52%.

Tower Semiconductor Ltd (TSEM) Insider Activity

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 69.73%.

Tower Semiconductor Ltd (TSEM) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/30/2024, 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 0.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -5.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 21.10% 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 4.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.40. Likewise, its price to free cash flow for the trailing twelve months is 21.26.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.85, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.24 in one year’s time.

Technical Analysis of Tower Semiconductor Ltd (TSEM)

Looking closely at Tower Semiconductor Ltd (NASDAQ: TSEM), its last 5-days average volume was 1.45 million, which is a jump from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 59.15%. Additionally, its Average True Range was 2.10.

During the past 100 days, Tower Semiconductor Ltd’s (TSEM) raw stochastic average was set at 62.22%, which indicates a significant increase from 39.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.97% in the past 14 days, which was higher than the 40.24% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $43.70, while its 200-day Moving Average is $38.09. However, in the short run, Tower Semiconductor Ltd’s stock first resistance to watch stands at $45.54. Second resistance stands at $46.54. The third major resistance level sits at $47.22. If the price goes on to break the first support level at $43.86, it is likely to go to the next support level at $43.18. Should the price break the second support level, the third support level stands at $42.18.

Tower Semiconductor Ltd (NASDAQ: TSEM) Key Stats

There are 110,825K outstanding shares of the company, which has a market capitalization of 4.76 billion. As of now, sales total 1,423 M while income totals 518,490 K. Its latest quarter income was 351,180 K while its last quarter net income were 53,450 K.