At the time of writing, Tower Semiconductor Ltd [TSEM] stock is trading at $33.69, down -4.56%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TSEM shares have gain 6.61% over the last week, with a monthly amount drifted -12.20%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Susquehanna upgraded its rating to Positive on May 10, 2024, and elevated its price target to $55. On February 29, 2024, Susquehanna initiated with a Neutral rating and assigned a price target of $36 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $35 on October 25, 2023. Craig Hallum upgraded its rating to a Buy and reduced its price target to $38 on August 17, 2023. Credit Suisse upgraded its rating to Outperform for this stock on January 19, 2021, and upped its price target to $37.50. In a note dated April 24, 2019, Credit Suisse downgraded an Neutral rating on this stock.
For the past year, the stock price of Tower Semiconductor Ltd fluctuated between $28.64 and $55.31. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. Tower Semiconductor Ltd [NASDAQ: TSEM] shares were valued at $33.69 at the most recent close of the market. An investor can expect a potential return of 46.93% based on the average TSEM price forecast.
Analyzing the TSEM fundamentals
According to Tower Semiconductor Ltd [NASDAQ:TSEM], the company’s sales were 1.44B for trailing twelve months, which represents an 10.09% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.01 points at the first support level, and at 30.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.99, and for the 2nd resistance point, it is at 36.28.
Ratios To Look Out For
It is important to note that Tower Semiconductor Ltd [NASDAQ:TSEM] has a current ratio of 6.18. In addition, the Quick Ratio stands at 5.23 and the Cash Ratio stands at 0.92. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 18.20.
