The stock of ASE Technology Holding Co. Ltd. (NYSE:ASX) increased by $0.05 on Monday to finish at $8.25, up 0.61 percent. The last five days have seen an average of 6,470,200 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $1.98. The average number of shares traded over the last 20 days was 4,908,170, while the average volume over the last 50 days totaled 5,285,630.
ASX stock dropped -1.79% since last month. On 08/18/23, the company’s shares reached a one-month low of $7.20. The stock touched a high of $9.03 on 06/13/23, after rallying from a low of $4.45 in 52 weeks. The price of ASX stock has risen by 31.58% or $1.98 this year, reaching a new high 28 times. Still, the stock price is down -8.64% from the 52-week high.
Valuation Metrics
ASE Technology Holding Co. Ltd. (ASX) has a trailing price-to-earnings (P/E) ratio of 12.08. Beta for the stock is 1.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.79, the price-to-book (PB) ratio of 2.02.
Company paid $0.4672 per share in dividends, a decrease of -2.54% from $0.4794 last year. A $0.0122 dividend decrease was reported on Wednesday May 31 2023.
Financial Health
For the three months ended June 29, ASE Technology Holding Co. Ltd.’s quick ratio was 0.90, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.47, and the total debt to equity ratio is 0.63. As far as profitability goes, gross margin for the trailing twelve months is 17.90% percent. ASE Technology Holding Co. Ltd.’s EBITDA margin for the year ended June 29 was 20.22%, whereas its operating margin stood at 9.50% for the same period. Based on annual data, it had gross profit of $4.39 billion and revenue of $21.83 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASX’s return on assets (ROA) during the last 12 months has been 6.70%. There was a 12.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.40%.
Earnings Surprise
According to ASE Technology Holding Co. Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $21.83 billion, while revenues rose by 5.88% to $0.0. It was predicted that ASE Technology Holding Co. Ltd.’s quarterly earnings would be $0.11, but it ended up being $0.09, beating the consensus by 22.20%. EBITDA was $774.77 million for the quarter. At the end of ASE Technology Holding Co. Ltd.’s most recent quarter ended June 29, its liabilities totaled 12.23 billion, while its total debt was $173.68 billion.
Technical Picture
Here’s a quick look at ASE Technology Holding Co. Ltd.’s (ASX) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 69.43%, suggesting the stock is Neutral, with a 48.85% historical volatility rate.
The stochastic %K and %D were 81.53% and 69.49% respectively, while the average true range (ATR) was 0.24. Based on the 14-day stochastic reading of 97.22%, the RSI (14) reading is 62.09%. On the 9-day MACD Oscillator, the stock is at 0.39, and the 14-day reading is at 0.40.
Analyst Ratings
In its most recent analyst report, Goldman raised its rating on ASE Technology Holding Co. Ltd. (NYSE: ASX) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned ASE Technology Holding Co. Ltd. (ASX) an Overweight rating. ASX is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 10 others recommend it as a buy.
What is ASX’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.63 and $12.11, with a median target price of $8.81. In analyzing these forecasts, the average price target given by analysts for ASE Technology Holding Co. Ltd. (ASX) is $9.10.
