ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares, rose in value on Friday, April 26, with the stock price down by -0.99% to the previous day’s close as strong demand from buyers drove the stock to $10.05.
Actively observing the price movement in the recent trading, the stock is buoying the session at $10.15. The PE ratio was 21.97 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 -8.64% over the past month.
The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 5.60%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.42B, with a low estimate of 4.29B and a high estimate of 4.76B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.52B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 0.76, with the price of ASX currently trading nearly -6.27% and -4.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.95, while the 7-day volatility ratio is showing 2.75% which for the 30-day chart, stands at 2.53%. Furthermore, ASE Technology Holding Co.Ltd ADR (ASX)’s beta value is 1.27, and its average true range (ATR) is 0.29.
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 -0.99% in today’s session so far, and over the past year, it grew by 47.58%%.
Data on historical trading for ASE Technology Holding Co.Ltd ADR (NYSE:ASX) indicates that the trading volumes over the past 3 months, they’ve averaged 6.17 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 7.06% of the company’s shares. The stock has risen by 6.80% 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.
