The stock of ASE Technology Holding Co. Ltd. (ASX) has gone down by -0.26% for the week, with a 5.06% rise in the past month and a -13.22% drop in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are 2.04% for ASX. The simple moving average for the last 20 days is -2.78% for ASX’s stock, with a simple moving average of 2.78% for the last 200 days.
Is It Worth Investing in ASE Technology Holding Co. Ltd. (NYSE: ASX) Right Now?
The price-to-earnings ratio for ASE Technology Holding Co. Ltd. (NYSE: ASX) is above average at 11.28x. The 36-month beta value for ASX is also noteworthy at 1.23. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for ASX is $9.10, which is $0.09 above than the current price. The public float for ASX is 1.48B, and at present, short sellers hold a 0.62% of that float. The average trading volume of ASX on September 19, 2023 was 5.30M shares.
ASX) stock’s latest price update
The stock of ASE Technology Holding Co. Ltd. (NYSE: ASX) has decreased by -0.26 when compared to last closing price of 7.70.Despite this, the company has seen a loss of -0.26% in its stock price over the last five trading days. InvestorPlace reported 2023-08-02 that While passive income offers an essential backstop for your portfolio, you shouldn’t overpay for the privilege, which brings us to cheap dividend stocks for smart investors. Perhaps due to the unusual circumstances of the post-pandemic environment, you’ll be surprised at the deals you can grab.
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 “Buy.” The predicted price for ASX in the upcoming period, according to Goldman is $9.20 based on the research report published on July 28, 2023 of the current year 2023.
ASX Trading at -1.94% 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 -14.95% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.32% upper at present.
During the last 5 trading sessions, ASX fell by -0.26%, which changed the moving average for the period of 200-days by +20.57% in comparison to the 20-day moving average, which settled at $7.92. In addition, ASE Technology Holding Co. Ltd. saw 22.49% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ASX
Current profitability levels for the company are sitting at:
- +12.12 for the present operating margin
- +19.52 for the gross margin
The net margin for ASE Technology Holding Co. Ltd. stands at +9.26. The total capital return value is set at 16.25, while invested capital returns managed to touch 14.24. Equity return is now at value 16.40, with 6.70 for asset returns.
Based on ASE Technology Holding Co. Ltd. (ASX), the company’s capital structure generated 63.09 points at debt to equity in total, while total debt to capital is 38.68. Total debt to assets is 26.88, with long-term debt to equity ratio resting at 47.97. Finally, the long-term debt to capital ratio is 29.41.
When we switch over and look at the enterprise to sales, we see a ratio of 0.99, with the company’s debt to enterprise value settled at 0.35. The receivables turnover for the company is 4.92 and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
In summary, ASE Technology Holding Co. Ltd. (ASX) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
