ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares, rose in value, with the stock price up by 1.74% to the previous day’s close as strong demand from buyers drove the stock to $11.11.
Actively observing the price movement in the last trading, the stock closed the session at $10.92. The value of beta (5-year monthly) was 1.08 whereas the PE ratio was 24.12 over 12-month period. Referring to stock’s 52-week performance, its high was $11.68, and the low was $6.70. On the whole, ASX has fluctuated by 4.71% over the past month.
The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 5.07%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.09, which is expected to increase to $0.14 for fiscal year $0.68 and then to about $0.89 by fiscal year 2025. Data indicates that the EPS growth is expected to be 47.80% in 2025, while the next year’s EPS growth is forecast to be 30.90%.
Analysts have estimated the company’s revenue for the quarter at $4.41 billion, with a low estimate of $4.28 billion and a high estimate of $4.54 billion. According to the average forecast, sales growth in current quarter could jump up 3.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $20.82 billion, representing an increase of 11.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ASX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.83, with the price of ASX currently trading nearly 0.15% and 9.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.14, while the 7-day volatility ratio is showing 2.65% which for the 30-day chart, stands at 2.44%. Furthermore, ASE Technology Holding Co.Ltd ADR (ASX)’s beta value is 1.26, and its average true range (ATR) is 0.28.
A comparison of ASE Technology Holding Co.Ltd ADR (ASX) with its peers suggests the former has fared considerably weaker in the market. ASX showed an intraday change of 1.74% in last session, and over the past year, it grew by 42.62%%.
Data on historical trading for ASE Technology Holding Co.Ltd ADR (NYSE:ASX) indicates that the trading volumes over the past 10 days have averaged 5.65 million and over the past 3 months, they’ve averaged 6.20 million. According to company’s latest data on outstanding shares, there are 2.16 billion shares outstanding.
Nearly 0.00% of ASE Technology Holding Co.Ltd ADR’s shares belong to company insiders and institutional investors own 7.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.71 million shares as on Mar 15, 2024, resulting in a short ratio of 1.41. According to the data, the short interest in ASE Technology Holding Co.Ltd ADR (ASX) stood at 0.46% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.18 million. The stock has risen by 18.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASX stock heading into the next quarter.
