Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) Is Down -14.33% – Is It Capable Of A Rally?

Taiwan Semiconductor Manufacturing ADR (NYSE:TSM) traded at $190.09 at last check on current trade day and made a downward move of -14.33% on its previous day’s price.

Looking at the stock we see that its previous close was $221.88 and the beta (5Y monthly) reads 1.232 with the day’s price range being $188.88 – $207.0. The company has a trailing 12-month PE ratio of 27.02. In terms of its 52-week price range, TSM has a high of $226.40 and a low of $112.61. The company’s stock has lost about -8.33% over that past 30 days.

Taiwan Semiconductor Manufacturing ADR has a market cap of $985.78 billion and is expected to release its quarterly earnings report in February. With its Forward Dividend at 2.32 and a yield of 1.22%, the company’s investors could be anxious for the TSM stock to gain ahead of the earnings release.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 831.97B, with a low of 756.85B and a high of 858B. The median projection represents growth squeezing down to 40.38% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.69T, or 27.63% up from figures reported last year.

On the other hand, looking at the outlook for the TSM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.

Based on estimates by 11 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Taiwan Semiconductor Manufacturing ADR (TSM) stock as a Hold, while 10 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the TSM stock currently stands at 1.21, and the most recent price level today is -8.92% off its SMA20 and -4.88% from its 50-day simple moving average. The RSI (14) is pointing at 39.49 while the volatility over the past week is 2.73% and jumps to 2.95% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 8.98. The average price target for the stock over the next 12 months is $200, with the estimates having a low of $125 and a high of $210. These price ends are 34.24% and -10.47% off the today’s price level respectively, although investors could be excited at the prospect of a -5.21% if the TSM share price touches on the median price of $200.

Coming back to Taiwan Semiconductor Manufacturing ADR (NYSE:TSM), we note that the average 3-month trading volume was 13.62 million, while that of the preceding 10-day period stands at 18.5 million. Current shares outstanding are 5.19 billion.

The insiders hold 0.02% of the company’s shares while institutions hold 16.48%. The data shows that short shares as of 2024-12-31, stood at 32.97 million at a short ratio of 2.73. This represents a 64.00 short interest in shares outstanding on 2024-12-31. Shares short rose in December from the previous month at 30.13 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -3.75% down in year-to-date price movement.

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