ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares, rose in value, with the stock price up by 1.09% to the previous day’s close as strong demand from buyers drove the stock to $9.28.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.18. The PE ratio was 19.58 over 12-month period. Referring to stock’s 52-week performance, its high was $12.86, and the low was $6.94. On the whole, ASX has fluctuated by 11.14% over the past month.
With the market capitalization of ASE Technology Holding Co.Ltd ADR currently standing at about $20.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 3.41%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 654.24B, with a low estimate of 146.18B and a high estimate of 152.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 150.98B.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.63, with the price of ASX currently trading nearly 7.31% and 2.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.39, while the 7-day volatility ratio is showing 2.45% which for the 30-day chart, stands at 3.88%. Furthermore, ASE Technology Holding Co.Ltd ADR (ASX)’s beta value is 1.25, and its average true range (ATR) is 0.32.
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 1.09% in today’s session so far, and over the past year, it shrunk by -10.68%%.
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 12.18 million. According to company’s latest data on outstanding shares, there are 2.21 billion shares outstanding.
Nearly 0.00% of ASE Technology Holding Co.Ltd ADR’s shares belong to company insiders and institutional investors own 7.81% of the company’s shares. The stock has fallen by -7.85% 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.
