ASE Technology Holding Co.Ltd ADR (NYSE: ASX) has experienced a rise in its stock price by 2.36 compared to its previous closing price of 9.73. However, the company has seen a gain of 1.22% in its stock price over the last five trading days. prnewswire.com reported 2024-10-09 that TAIPEI, Oct. 9, 2024 /PRNewswire/ — ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “Company”), announces its unaudited consolidated net revenues for September and 3rd quarter of 2024.
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 above average at 22.14x. The 36-month beta value for ASX is also noteworthy at 1.23. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ASX is 2.17B, and at present, short sellers hold a 0.45% of that float. The average trading volume of ASX on October 14, 2024 was 8.88M shares.
ASX’s Market Performance
ASX stock saw an increase of 1.22% in the past week, with a monthly gain of 4.40% and a quarterly increase of -15.23%. The volatility ratio for the week is 1.97%, and the volatility levels for the last 30 days are 2.26% for ASE Technology Holding Co.Ltd ADR (ASX). The simple moving average for the last 20 days is 0.65% for ASX’s stock, with a simple moving average of -2.72% for the last 200 days.
Analysts’ Opinion of ASX
Goldman gave a rating of “Buy” to ASX, setting the target price at $9.20 in the report published on July 28th of the previous year.
ASX Trading at 3.17% 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 -22.55% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +3.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.62% upper at present.
During the last 5 trading sessions, ASX rose by +1.22%, which changed the moving average for the period of 200-days by +6.07% in comparison to the 20-day moving average, which settled at $9.90. In addition, ASE Technology Holding Co.Ltd ADR saw 5.84% 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 10.87, with 4.66 for asset returns.
Based on ASE Technology Holding Co.Ltd ADR (ASX), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 8.32.
Currently, EBITDA for the company is 98.43 billion with net debt to EBITDA at 1.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 4.68for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In summary, ASE Technology Holding Co.Ltd ADR (ASX) has had a better performance as of late. Analysts have bullish 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.
