Some Investing Thoughts On ASE Technology Holding Co.Ltd ADR (NYSE: ASX)

ASE Technology Holding Co.Ltd ADR (ASX) concluded trading on Thursday at a closing price of $10.19, with 4.11 million shares of worth about $41.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.19% during that period and on September 25, 2024 the price saw a gain of about 0.69%. Currently the company’s common shares owned by public are about 2.17B shares, out of which, 2.17B shares are available for trading.

Stock saw a price change of 6.15% in past 5 days and over the past one month there was a price change of 5.82%. Year-to-date (YTD), ASX shares are showing a performance of 8.29% which increased to 35.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.25 but also hit the highest price of $12.86 during that period. The average intraday trading volume for ASE Technology Holding Co.Ltd ADR shares is 8.91 million. The stock is currently trading 6.03% above its 20-day simple moving average (SMA20), while that difference is up 3.53% for SMA50 and it goes to 0.09% higher than SMA200.

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ASE Technology Holding Co.Ltd ADR (NYSE: ASX) currently have 2.17B outstanding shares and institutions hold larger chunk of about 7.59% of that.

The stock has a current market capitalization of $22.08B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 22.65, while it has posted earnings per share of $0.45 in the same period. Its PEG reads 0.77 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASX, volatility over the week remained 1.81% while standing at 2.81% over the month.

Stock’s fiscal year EPS is expected to rise by 6.55% while it is estimated to increase by 51.61% in next year. EPS is likely to grow at an annualized rate of 29.50% for next 5-years, compared to annual growth of 3.72% made by the stock over the past 5-years.

On July 28, 2023, Goldman Upgrade their recommendations, while on June 28, 2023, HSBC Securities Downgrade their ratings for the stock with a price target of $6.47. Stock get a Hold rating from China Renaissance on February 10, 2023.

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