ASE Technology Holding Co. Ltd. (NYSE:ASX) went up by 0.18% from its latest closing price compared to the recent 1-year high of $8.65. The company’s stock price has collected -1.59% of loss in the last five trading sessions.
Is It Worth Investing in ASE Technology Holding Co. Ltd. (NYSE :ASX) Right Now?
ASE Technology Holding Co. Ltd. (NYSE:ASX) scored a price-to-earnings ratio above its average ratio, recording 5.13 x from its present earnings ratio. Plus, the 36-month beta value for ASX is at 1.16.
ASX currently public float of 2.14B and currently shorts hold a 0.39% ratio of that float. Today, the average trading volume of ASX was 6.13M shares.
ASX’s Market Performance
ASX stocks went down by -1.59% for the week, with a monthly drop of -10.86% and a quarterly performance of -14.42%, while its annual performance rate touched -34.58%. The volatility ratio for the week stands at 2.89% while the volatility levels for the past 30 days are set at 2.70% for ASE Technology Holding Co. Ltd. The simple moving average for the period of the last 20 days is -1.99% for ASX stocks with a simple moving average of -16.86% for the last 200 days.
Analysts’ Opinion of ASX
Many brokerage firms have already submitted their reports for ASX stocks, with Goldman repeating the rating for ASX by listing it as a “Neutral.” The predicted price for ASX in the upcoming period, according to Goldman is $8.10 based on the research report published on October 07th of the previous year 2021.
ASX Trading at -2.91% from the 50-Day Moving Average
After a stumble in the market that brought ASX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.49% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -8.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.93% upper at present.
During the last 5 trading sessions, ASX fell by -1.59%, which changed the moving average for the period of 200-days by -25.99% in comparison to the 20-day moving average, which settled at $5.67. In addition, ASE Technology Holding Co. Ltd. saw -28.55% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ASX
Equity return is now at value 29.40, with 10.80 for asset returns.