With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.71 million shares. The 52-week range on TSEM shows that it touched its highest point at $55.31 and its lowest point at $28.64 during that stretch. It currently has a 1-year price target of $58.50. Beta for the stock currently stands at 0.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TSEM was down-trending over the past week, with a drop of -0.88%, but this was up by 20.94% over a month. Three-month performance dropped to -27.91% while six-month performance fell -14.54%. The stock gained 10.37% in the past year, while it has lost -30.38% so far this year. A look at the trailing 12-month EPS for TSEM yields 1.85 with Next year EPS estimates of 2.60. For the next quarter, that number is 0.38. This implies an EPS growth rate of -4.49% for this year and 26.48% for next year.
Float and Shares Shorts:
At present, 111.55 million TSEM shares are outstanding with a float of 111.02 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSEM since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.11812 being high and $2.05788 being low. For TSEM, this leads to a yearly average estimate of $2.088. Based on analyst estimates, the high estimate for the next quarter is $0.5 and the low estimate is $0.38. The average estimate for the next quarter is thus $0.43.
