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- 1 NYSE: TSM stock lost more than 5.76% of its trading price in the past one month.
- 2 In the 52-week time frame, TSM stock’ highest traded price was $110.69, and its lowest traded price was $59.43.
- 3 In the August 23 trading session, Taiwan Semiconductor Mfg. Co. Ltd stock added $1.29 to its trading price in the opening session of August 23.
NYSE: TSM stock price shed over 5.76% in the past month. On August 22, it opened at $93.35, lowering to $91.81; it hit a high of $93.49 and closed at $92.24 with an intraday trading volume of 7.06 Million.
In the 52-week time frame, TSM stock traded highest at $110.69, and its lowest price was $59.43. Taiwan Semiconductor Mfg. Co. Ltd has a market capitalization of $438.035 Billion, and its share average trading volume is 7.8 Million.
TSM share annual price target is $114.13, around 23.73% more than its current trading price. In the pre-market trading session, TSM stock price opened $1.15 above its previous closing price.
TSM Stock Price Analysis
On the August 22 trading session, sellers were more active than buyers; however, bears tried hard to pull the price downward, but buyers maintained their presence, which helped the price sustain on upper limits.
If sellers continue their dominance over buyers, then TSM stock might fall further and face immediate support of $89.67 and possibly the next support of $86.20.
If the buyer controls aggressive sellers, TSM stock might surge upwards and face immediate resistance of $95.82 and possibly the next resistance of $97.69.
According to TradingView, 5.186 Billion TSM shares are free-floating, and the remaining 788.336k shares are closely held by the company’s financial backers or the board of directors.
Taiwan Semiconductor Mfg. Co. Ltd Earnings & Revenue
In Q1 2023, Taiwan Semiconductor Mfg. Co. Ltd was expected to report $17 Billion in revenue, but its revenue declined by over 2.25%. For Q2, the expected revenue was $15.44 Billion, but the reported revenue was $15.47 Billion.
Taiwan Semiconductor Mfg. Co. Ltd is expected to report $17.11 Billion in Q3 and $18.74 Billion in the last quarter of 2023. Earning per share of the company reflected a positive movement in Q1 and Q2 2023. EPS in Q1 surged by over 7.39%, and in Q2, it surged by over 5.14%.
In the financial year 2022, Taiwan Semiconductor Mfg. Co. Ltd reported $74.35 Billion in revenue from which its gross profit was 58%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) was 69%, earnings before interest and taxes (EBIT) was 50%, and net income was 45%.
Technical Levels
Support Levels: $89.67 and $86.20
Resistance Levels: $95.82 and $97.69
Conclusion
Taiwan Semiconductor Mfg. Co. Ltd stock lost 5.76% of its trading price on August 22. However, at press time, TSM price saw a $1.29 uptick. The instant bullishness in the price and buying volume indicates that the price might surge further and beat the upcoming resistance of $95.82.
Disclaimer
The views and opinions stated by the author or anyone named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
