CARBO Ceramics Inc. (NYSE:CRR) current P/S is an impressive 0.19. The overall Oil & Gas Equipment & Services group has an average P/S ratio of 6.56, which is significantly better than the sector’s 9.84. In the past 13-year record, this ratio went down as low as 0.17 and as high as 7.69. Also, it is down from 53% of the total 246 rivals across the globe.
CRR traded at an unexpectedly low level on 06/06/2019 when the stock experienced a 2.19% gain to a closing price of $1.4. The company saw 0.34 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 508.64 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 132.14% move, based on the high target price ($3.25) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $3.06 price target, but the stock is already up 3.7% from its recent lows. However, the stock is trading at -86.8% versus recent highs ($10.61). Analysts believe that we could see stock price minimum in the $3 range (lowest target price), allowing for another 114.29% jump from its current position. Leading up to this report, we have seen a -42.39% fall in the stock price over the last 30 days and a -62.26% decline over the past 3 months. Overall, the share price is down -59.77% so far this year. Additionally, the stock had a day price range of $1.3 to $1.41.CARBO Ceramics Inc. (CRR) Price Potential
Heading into the stock price potential, CARBO Ceramics Inc. needs to grow just 114.29% to cross its median price target of $3. In order to determine directional movement, the 50-day and 200-day moving averages for CARBO Ceramics Inc. (NYSE:CRR) are $2.2344 and $3.5946. Given that liquidity is king in the short-term, CRR is a stock with 30.95 million shares outstanding that normally trades 26.43% of its float. The stock price recently experienced a 5-day loss of -0.71% with 0.19 average true range (ATR). CRR has a beta of 1.87 and RSI is 24.3.
Investors also need to beware of the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) valuations. The stock trades on a P/S of 6, which suggests that the shares are attractive compared with peers. The broad Semiconductor – Integrated Circuits industry has an average P/S ratio of 8.21, which is significantly worse than the sector’s 2.52. In the past 13-year record, this ratio went down as low as 2.82 and as high as 6.88. Also, it is down from 90% of the total 832 rivals across the globe.Taiwan Semiconductor Manufacturing Company Limited (TSM)’s Lead Over its Technicals
Taiwan Semiconductor Manufacturing Company Limited by far traveled 12.35% versus a 1-year low price of $34.21. The share price was last seen 0.55% higher, reaching at $38.44 on Jun. 06, 2019. At recent session, the prices were hovering between $37.915 and $38.59. This company shares are 26.64% off its target price of $48.68 and the current market capitalization stands at $190.92B. The recent change has given its price a -7.93% deficit over SMA 50 and -15.78% deficit over its 52-week high. The stock witnessed -12.16% declines, -0.49% declines and -0.75% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TSM’s volatility during a week at 1.92% and during a month it has been found around 1.77%.
Taiwan Semiconductor Manufacturing Company Limited (TSM) exchanged hands at an unexpectedly low level of 5.77 million shares over the course of the day. Noting its average daily volume at 8.37 million shares each day over the month, this signifies a pretty significant change over the norm.Taiwan Semiconductor Manufacturing Company Limited Target Levels
The market experts are predicting a 35.28% rally, based on the high target price of $52 for Taiwan Semiconductor Manufacturing Company Limited shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $44 range (lowest target price). If faced, it would be a 14.46% jump from its current position. Overall, the share price is up 4.15% year to date [T2].