ASE Technology Holding Co.Ltd ADR (ASX): A Great Stock For Handling Current Market Conditions?

Currently, there are 2.16B common shares owned by the public and among those 2.16B shares have been available to trade.

However, the script later moved the day high at 9.11, up 2.71%. The company’s stock has a 5-day price change of -4.01% and 16.07% over the past three months. ASX shares are trading -3.29% year to date (YTD), with the 12-month market performance up to 19.11% higher. It has a 12-month low price of $6.70 and touched a high of $9.77 over the same period. ASX has an average intraday trading volume of 5.01 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 0.22%, 1.59%, and 12.82% respectively.

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Institutional ownership of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) shares accounts for 7.58% of the company’s 2.16B shares outstanding.

It has a market capitalization of $19.62B and a beta (3y monthly) value of 1.25. The stock’s trailing 12-month PE ratio is 19.68, while the earnings-per-share (ttm) stands at $0.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.42% over the week and 2.01% over the month.

Analysts forecast that ASE Technology Holding Co.Ltd ADR (ASX) will achieve an EPS of $Amer Sports, Inc. for the current quarter, $14.60 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Boston Scientific Corporation while analysts give the company a high EPS estimate of $CSX Corporation. Comparatively, EPS for the current quarter was $Diana Shipping inc. a year ago. Earnings per share for the fiscal year are expected to increase by 34.90%, and 35.43% over the next financial year. EPS should shrink at an annualized rate of -2.80% over the next five years, compared to 3.72% over the past 5-year period.

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.

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