Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $24.00 on Tower Semiconductor Ltd. (NASDAQ:TSEM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.54 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Tower Semiconductor Ltd. (NASDAQ:TSEM) stands at 9.87.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Tower Semiconductor Ltd., the PEG ratio for coming 3-5 years is 0.69.
The technical analysis highlights that Tower Semiconductor Ltd. current is trading $1.47 points away or +10.11% from its 50-day moving average of $14.51. Further it is trading $3.10 or +24.05% away its 200-day moving average of $12.88.
The 52-week high of Tower Semiconductor Ltd. (NASDAQ:TSEM) was $16.60 while lowest point recorded in 52-week was $10.36. It implies if stock price makes a movement of over $-0.62, it will record a new 52-week high. In the case of +54.25% drop, it will touch a new 52-week low.
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