Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Tower Semiconductor Ltd. (NASDAQ: TSEM) closed the day trading at $31.15 down -1.39% from the previous closing price of $31.59. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 0.5 million shares were traded. TSEM stock price reached its highest trading level at $31.73 during the session, while it also had its lowest trading level at $30.82.
Ratios:
For a better understanding of TSEM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.42. For the most recent quarter (mrq), Quick Ratio is recorded 5.15 and its Current Ratio is at 6.17. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Susquehanna on February 29, 2024, initiated with a Neutral rating and assigned the stock a target price of $36.
On October 25, 2023, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $35.
Craig Hallum Upgraded its Hold to Buy on August 17, 2023, whereas the target price for the stock was revised from $53 to $38.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TSEM now has a Market Capitalization of 3457774592 and an Enterprise Value of 2441854720. As of this moment, Tower’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.68, and their Forward P/E ratio for the next fiscal year is 14.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.43 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 1.716 whereas that against EBITDA is 5.317.
Stock Price History:
Over the past 52 weeks, TSEM has reached a high of $45.87, while it has fallen to a 52-week low of $21.43. The 50-Day Moving Average of the stock is -3.69%, while the 200-Day Moving Average is calculated to be 4.06%.
Shares Statistics:
Over the past 3-months, TSEM traded about 687.74K shares per day on average, while over the past 10 days, TSEM traded about 552330 shares per day. A total of 110.83M shares are outstanding, with a floating share count of 110.83M. Insiders hold about 0.00% of the company’s shares, while institutions hold 72.34% stake in the company. Shares short for TSEM as of 1711584000 were 722898 with a Short Ratio of 1.05, compared to 1709164800 on 800313. Therefore, it implies a Short% of Shares Outstanding of 722898 and a Short% of Float of 0.66000004.
Earnings Estimates
At present, Taiwan Semiconductor Manufactur analysts are actively evaluating the performance of Tower Semiconductor Ltd. (TSEM) in the stock market.The consensus estimate for the next quarter is $1.59, with high estimates of $26.43 and low estimates of $31.15.
Analysts are recommending an EPS of between $Healthcare and $Technology for the fiscal current year, implying an average EPS of $Technology.
