Stock To Watch: Tower Semiconductor Ltd. (NASDAQ:TSEM)


The leading market experts have placed a mean price target of $24.00 on Tower Semiconductor Ltd. (NASDAQ:TSEM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.43 a share for the upcoming quarter and $1.54 for the current fiscal.

Technical View

The technical analysis of Tower Semiconductor Ltd. plainly substantiates that the 50-day moving average of Tower Semiconductor Ltd. is $13.44, and stock is trading $1.61 points away or +12.01% from its 50-day moving average of $13.44. Further it is trading $2.47 or +19.60% away its 200-day moving average of $12.58. Tower Semiconductor Ltd. (NASDAQ:TSEM) 52-week high is $16.60 and the 52-week low is $10.36.

This explains if the stock moves $-1.55, it will post a 52-week high. In event of +45.27% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Tower Semiconductor Ltd., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Tower Semiconductor Ltd. (NASDAQ:TSEM) ratio came in at 9.30.

The stock last ended the trading session at $15.05 and registered a market cap of $1.30B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Tower Semiconductor Ltd. (NASDAQ:TSEM) PEG ratio is at 0.65.

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