VAALCO Energy, Inc. (NYSE:EGY)‘s price-to-sales ratio of 1.04 is creating a long-term opportunity in the value in its stock. The broad Oil & Gas Production industry has an average P/S ratio of 89.43, which is significantly worse than the sector’s 9.78.
EGY traded at an unexpectedly low level on 06/24/2019 when the stock experienced a -2.37% loss to a closing price of $1.65. The company saw 297702 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 304100 shares a day, this signifies a pretty significant change over the norm.
We have seen a 0% fall in the stock price over the last 30 days and a -29.18% decline over the past 3 months. Overall, the share price is up 12.24% so far this year.VAALCO Energy, Inc. (EGY) Price Potential
In order to determine directional movement, the 50-day and 200-day moving averages for VAALCO Energy, Inc. (NYSE:EGY) are $1.6554 and $1.9655. Given that liquidity is king in the short-term, EGY is a stock with 55.56 million shares outstanding that normally trades 1.04% of its float. The stock price recently experienced a 5-day gain of 12.24% with 0.11 average true range (ATR). EGY has a beta of 1.31 and RSI is 47.81.
Investors also need to beware of the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) valuations. The stock trades on a P/S of 6.43, which suggests that the shares are attractive compared with peers. The broad Semiconductors industry has an average P/S ratio of 8.75, which is significantly better than the sector’s 20.84.Taiwan Semiconductor Manufacturing Company Limited (TSM)’s Lead Over its Technicals
Taiwan Semiconductor Manufacturing Company Limited by far traveled 16.85% versus a 1-year low price of $34.21. The share price was last seen -1.33% lower, reaching at $39.98 on Jun. 24, 2019. At recent session, the prices were hovering between $39.435 and $40.07. This company shares are 14.76% off its target price of $45.88 and the current market capitalization stands at $201.24B. The recent change has given its price a -3.01% deficit over SMA 50 and -12.4% deficit over its 52-week high. The stock witnessed 5.02% gains, 0.15% gains and 11.43% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TSM’s volatility during a week at 1.71% and during a month it has been found around 1.68%.
Taiwan Semiconductor Manufacturing Company Limited (TSM) exchanged hands at an unexpectedly low level of 7050796 shares over the course of the day. Noting its average daily volume at 10451660 shares each day over the month, this signifies a pretty significant change over the norm.