With over 4.21 million ASE Technology Holding Co.Ltd ADR (ASX) shares trading Tuesday and a closing price of $8.59 on the day, the dollar volume was approximately $36.19 million. The shares have shown a positive half year performance of 2.02% and its price on 12/05/23 lost nearly -0.46%. Currently, there are 2.15B common shares owned by the public and among those 2.15B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for ASX have a consensus price objective of $9.10. The analysts have set the share’s price value over the next 12 months at a high of $12.11 and a low of $7.63. The average price target is 5.6% above its recent price level and a downside to the estimated low will see the stock lose -12.58% over that period. But an upside of 29.07% will see the stock hit the forecast high price target while median target price for the stock is $8.81.
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Shares of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) opened at $8.60, down -$0.03 from a prior closing price of $8.63. However, the script later moved the day high at 8.63, down -0.46%. The company’s stock has a 5-day price change of 1.30% and 5.66% over the past three months. ASX shares are trading 37.00% year to date (YTD), with the 12-month market performance up to 26.70% higher. It has a 12-month low price of $6.16 and touched a high of $9.03 over the same period. ASX has an average intraday trading volume of 4.75 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.21%, 8.27%, and 10.91% respectively.
Institutional ownership of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) shares accounts for 7.61% of the company’s 2.15B shares outstanding.
It has a market capitalization of $18.50B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 15.32, while the earnings-per-share (ttm) stands at $0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.59% over the week and 1.61% over the month.
Analysts forecast that ASE Technology Holding Co.Ltd ADR (ASX) will achieve an EPS of $Diana Shipping inc. for the current quarter, $3.18 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $CSX Corporation while analysts give the company a high EPS estimate of $Academy Sports and Outdoors, In. Comparatively, EPS for the current quarter was $Asensus Surgical, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -51.92%, and 43.36% over the next financial year. EPS should shrink at an annualized rate of -3.70% over the next five years, compared to 21.32% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate ASE Technology Holding Co.Ltd ADR (ASX) as a “Strong Buy” at a consensus score of 1.85. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 7 of the 20 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ASX, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on July 28, 2023, with the firm’s price target at $6.60-$9.20.
