Why Should You Put ASE Technology Holding Co.Ltd ADR (NYSE: ASX) On Your Portfolio?

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

The company’s stock has a 5-day price change of -3.65% and 14.50% over the past three months. ASX shares are trading 14.98% year to date (YTD), with the 12-month market performance up to 38.90% higher. It has a 12-month low price of $6.70 and touched a high of $11.68 over the same period. ASX has an average intraday trading volume of 6.20 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 -1.11%, 7.68%, and 25.58% respectively.

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Institutional ownership of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) shares accounts for 7.05% of the company’s 2.16B shares outstanding.

It has a market capitalization of $23.32B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 23.49, while the earnings-per-share (ttm) stands at $0.46. The company has a PEG of 0.81 and a Quick Ratio of 0.89 with the debt-to-equity ratio at 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.79% over the week and 2.39% over the month.

Analysts forecast that ASE Technology Holding Co.Ltd ADR (ASX) will achieve an EPS of $0.09 for the current quarter, $0.14 for the next quarter and $0.89 for 2025. The lowest estimate earnings-per-share for the quarter is $0.09 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 32.36%, and 36.92% over the next financial year. EPS should grow at an annualized rate of 28.90% 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. HSBC Securities coverage for the ASE Technology Holding Co.Ltd ADR (ASX) stock in a research note released on June 28, 2023 offered a Hold rating with a price target of $6.47. China Renaissance was of a view on February 10, 2023 that the stock is Hold, while Goldman gave the stock Neutral rating on October 07, 2021, issuing a price target of $13.30- $8.10. Nomura on their part issued Neutral rating on June 25, 2021.

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