ASE Technology Holding Co.Ltd ADR (NYSE: ASX)’s stock price has decreased by -3.21 compared to its previous closing price of 11.21. However, the company has seen a -2.34% decrease in its stock price over the last five trading sessions. MarketBeat reported 2024-02-16 that In the ever-changing arena of investing, opportunities often arise in unexpected places. While big-name companies like Nvidia grab the headlines with their meteoric rises, a lesser-known but equally promising segment within the semiconductor sector is catching the attention of savvy investors.
Is It Worth Investing in ASE Technology Holding Co.Ltd ADR (NYSE: ASX) Right Now?
The price-to-earnings ratio for ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is 23.56x, which is above its average ratio. Moreover, the 36-month beta value for ASX is 1.26. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ASX is 2.16B and currently, short sellers hold a 0.53% of that float. On April 15, 2024, ASX’s average trading volume was 6.15M shares.
ASX’s Market Performance
ASX’s stock has seen a -2.34% decrease for the week, with a -3.38% drop in the past month and a 23.72% gain in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 2.24% for ASE Technology Holding Co.Ltd ADR The simple moving average for the past 20 days is -1.69% for ASX’s stock, with a 24.50% 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 previous year 2023.
HSBC Securities, on the other hand, stated in their research note that they expect to see ASX reach a price target of $6.47. The rating they have provided for ASX stocks is “Hold” according to the report published on June 28th, 2023.
ASX Trading at 4.97% 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 -7.11% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares sank -1.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.79% upper at present.
During the last 5 trading sessions, ASX fell by -2.34%, which changed the moving average for the period of 200-days by +23.16% in comparison to the 20-day moving average, which settled at $11.03. In addition, ASE Technology Holding Co.Ltd ADR saw 15.30% 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:
- 0.07 for the present operating margin
- 0.16 for the gross margin
The net margin for ASE Technology Holding Co.Ltd ADR stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 10.41, with 4.54 for asset returns.
Based on ASE Technology Holding Co.Ltd ADR (ASX), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 8.53.
Currently, EBITDA for the company is 98.43 billion with net debt to EBITDA at 1.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
To wrap up, the performance of ASE Technology Holding Co.Ltd ADR (ASX) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
