Tower Semiconductor Ltd (NASDAQ:TSEM) currently has a daily average trading volume of 656.81K but it saw 1812454 shares traded in last market. With a market cap of 4.71B USD, the company’s current market price of $42.14 came rising about 5.11 while comparing to the previous closing price of $40.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.31 and as low as $28.64.
Taking a look at 20-day trading activity of Tower Semiconductor Ltd (TSEM) gives us an average price of $36.90, while its current price level is -23.81% below from 52-week high level whereas it is 47.14% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $36.64 while that of 200 days or SMA-200 reads an average of $43.29. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.89% during that period while stretching the period over a month that decreases to 3.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.25 which implies that the stock is in neutral territory.
Susquehanna upgraded its recommendation for the stock as a “Positive” from “Neutral” on May 10, 2024 while assigning a price target range of $36-$55. Susquehanna also issued its recommendations for the stock as it initiated the price target for the stock is $36.
Over the week, TSEM’s stock price is moving 17.09% up while it is 22.71% when we observe its performance for the past one month. Year-to-date it is -18.19% down and over the past year, the stock is showing an upside performance of 14.79%.
Currently, Tower Semiconductor Ltd’s total number of outstanding shares is 111.76M with 0.00% of that held by the insiders while 72.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.17% and return on equity (ROE) at 7.88%. It has a price to earnings ratio (P/E ratio) of 23.33 while having a 16.13 of forward P/E ratio. Stock’s beta reads 0.80. Stock has a price to book (P/B) ratio of 1.73 while price to sale or P/S ratio amounts to 3.21. Its return on asset (ROA) is 6.68% on average.
