ASE Technology Holding Co. Ltd. (NYSE:ASX) saw a downside of -1.41% to $6.66 after subtracting -$0.09 on Tuesday. The 5-day average trading volume is 3,968,310 shares of the company’s common stock. It has gained $7.26 in the past week. An average of 5,579,748 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,617,441.
ASX’s 1-month performance is -26.15% or -$2.52 on its low of $6.61 reached on 10/12/21. The company’s shares have touched a 52-week low of $4.20 and high of $9.62, with the stock’s rally to the 52-week high happening on 08/05/21. YTD, ASX has achieved 15.58% or $0.78. However, the current price is down -30.82%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 103.84 and a low of 11.17. ASX stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.85 while the price-to-book (PB) in the most recent quarter is 1.70, with the price to cash flow ratio at 5.94.
ASE Technology Holding Co. Ltd. pays an annual dividend of $0.22 per share. Its dividend yield is 3.31%. ASX’s most recent quarterly dividend payment was made on Oct. 7, when it paid $0.3017 a share compared with prior rate of $0.1365, up 54.76% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.1652 reported on Monday August 16 2021. Measured over the last 3 years, the Dividend has been growing by -40.28% yearly.
It is projected that ASE Technology Holding Co. Ltd.’s next ex-dividend date will be on Co. ASX is expected to distribute $Ltd as its next dividend.
ASE Technology Holding Co. Ltd.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.30 meaning that ASX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.65, while the total debt to equity was 0.83. In terms of profitability, the gross margin trailing 12 months is 17.30%. The trailing 12-month EBITDA margin is 18.06% while for the period ending June 29; ASE Technology Holding Co. Ltd.’s operating margin was 8.50%. The firm’s gross profit as reported stood at $2.78 billion against revenue of $16.99 billion.
For the quarterly period ending June 29 this year, ASE Technology Holding Co. Ltd.’s cash and short-term investments amounted to $25.03 million against total debt of $197.5 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 18.68% to $16.99 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected ASX to announce $0.14 per share in earnings in its latest quarter, but it posted $0.16, representing a 14.30% surprise. EBITDA for the quarter stood at more than $959.11 million. ASX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.79 billion, with total debt at $197.5 billion
Let’s look briefly at ASE Technology Holding Co. Ltd. (ASX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 12.98% to suggest the stock is trending oversold, with historical volatility in this time period at 43.71%.
The stock’s 5-day moving average is $6.90, reflecting a -9.62% or -$0.70 change from its current price. ASX is currently trading -26.80% above its 20-day SMA, -14.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -26.63% and +15.42% respectively.
Stochastic %K and %D was 0.81% and 2.40% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 19.32%, while the 14-day stochastic is at 0.74% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -0.87 on the 14-day charts.
In the most recent analyst report for ASE Technology Holding Co. Ltd. (NYSE: ASX), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for ASX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ASX as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 11 have offered a “buy” rating.
What is ASX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.70 and a high of $11.55, with their median price target at $10.25. Looking at these predictions, the average price target given by analysts is for ASE Technology Holding Co. Ltd. (ASX) stock is $9.99.