ASE Technology Holding Co.Ltd ADR (NYSE: ASX) has a higher price-to-earnings ratio of 15.45x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.20. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for ASE Technology Holding Co.Ltd ADR (ASX) is $9.10, which is $0.44 above the current market price. The public float for ASX is 2.15B, and currently, short sellers hold a 0.30% ratio of that float. The average trading volume of ASX on November 21, 2023 was 5.07M shares.
ASX) stock’s latest price update
The stock price of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) has jumped by 1.64 compared to previous close of 8.52. Despite this, the company has seen a gain of 6.00% in its stock price over the last five trading days. Seeking Alpha reported 2023-10-26 that ASE Technology Holding Co., Ltd. (NYSE:ASX ) Q3 2023 Earnings Conference Call October 26, 2023 3:00 AM ET Company Participants Ken Hsiang – Head of Investor Relations Joseph Tung – Chief Financial Officer Conference Call Participants Gokul Hariharan – J.P.
ASX’s Market Performance
ASX’s stock has risen by 6.00% in the past week, with a monthly rise of 12.32% and a quarterly rise of 16.87%. The volatility ratio for the week is 1.53% while the volatility levels for the last 30 days are 2.08% for ASE Technology Holding Co.Ltd ADR. The simple moving average for the past 20 days is 9.56% for ASX’s stock, with a 12.71% simple moving average for the past 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 “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 11.81% 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 -4.10% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares surge +13.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.47% upper at present.
During the last 5 trading sessions, ASX rose by +6.00%, which changed the moving average for the period of 200-days by +15.01% in comparison to the 20-day moving average, which settled at $7.96. In addition, ASE Technology Holding Co.Ltd ADR saw 38.12% 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 ADR 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 13.40, with 5.44 for asset returns.
Based on ASE Technology Holding Co.Ltd ADR (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 1.11, 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.
To put it simply, ASE Technology Holding Co.Ltd ADR (ASX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.