ASML Holding N.V. (NASDAQ:ASML) finished Wednesday with an addition of $10.06 to close at $682.55, an upside of 1.50 percent. An average of 695,398 shares of common stock have been traded in the last five days. There was a gain of $2.50 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 1,221,950 shares traded, while the 50-day average volume stands at 1,047,286.
ASML stock has decreased by -5.84% in the last month. The company shares reached their 1-month lowest point of $670.46 on 08/08/23. With the stock rallying to its 52-week high on 07/14/23, shares of the company touched a low of $363.15 and a high of $771.98 in 52 weeks. It has reached a new high 21 times so far this year and achieved 24.92% or $137.11 in price. In spite of this, the price is down -11.58% from the 52-week high.
Valuation Metrics
ASML Holding N.V. (ASML) has a trailing price-to-earnings (P/E) ratio of 33.17. The stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.71, the price-to-book (PB) ratio at 23.16, and the price-to-cash flow ratio at 69.80.
The company has a payout ratio of 27.90%. The company’s most recent quarterly dividend payment was $1.6281 a share, representing a up of 28.5% from $1.2670 last year. Its latest increase dividend $0.3611 reported on Wednesday July 19 2023.
Financial Health
The quick ratio of ASML Holding N.V. for the three months ended June 29 was 0.90, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.43 and a total debt to equity ratio of 0.00 for the quarter ending June 29. ASML Holding N.V.’s EBITDA margin for the year ending June 29 is 33.73%, while its operating margin for the same period stands at 33.00%. Its gross profit as reported stood at $11.27 billion compared to revenue of $22.31 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ASML Holding N.V.’s return on assets was 21.00%.
Earnings Surprise
For the three-month period that ended June 29, ASML Holding N.V. had $120.62 million in cash and short-term investments compared to $3.94 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $6.3 billion in the quarter, while revenues were shrunk -4.61%. The analyst consensus anticipated ASML Holding N.V.’s latest quarter earnings to come in at $4.98 per share, but it turned out to be $5.4, a 8.40% surprise. For the quarter, EBITDA amounted to $2.66 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ASML Holding N.V. (ASML) price momentum. RSI 9-day as of the close on 09 August was 44.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.21%.
As of today, ASML’s price is $681.37 +0.37% or $2.50 from its 5-day moving average. ASML is currently trading -8.96% lower than its 20-day SMA and +7.86% higher than its 100-day SMA. However, the stock’s current price level is -6.14% below the SMA50 and +47.87% above the SMA200.
The stochastic %K and %D were 15.30% and 16.56%, respectively, and the average true range (ATR) was 18.37. With the 14-day stochastic at 24.98% and the average true range at 18.54, the RSI (14) stands at 44.71%. The stock has reached -9.99 on the 9-day MACD Oscillator while the 14-day reading was at -12.87.
Analyst Ratings
Bernstein downgraded ASML Holding N.V. (NASDAQ: ASML) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for ASML Holding N.V. (ASML) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ASML, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 22 others rate it as a “buy”.
What is ASML’s price target for the next 12 months?
Analysts predict a range of price targets between $492.40 and $874.00, with a median target of $785.00. Taking a look at these predictions, the average price target given by analysts for ASML Holding N.V. (ASML) stock is $757.63.
