ASE Technology Holding Co. Ltd. [ASX] is 0.90% higher this YTD. Is it still time to buy?

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ASE Technology Holding Co. Ltd. [NYSE: ASX] stock went on an upward path that rose over 0.13% on Tuesday, amounting to a one-week price increase of more than 0.90%. The company report on December 9, 2021 that ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*.

ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “Company”), announces its unaudited consolidated net revenues for November 2021.


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Over the last 12 months, ASX stock rose by 24.68%. The one-year ASE Technology Holding Co. Ltd. stock forecast points to a potential upside of 10.66. The average equity rating for ASX stock is currently 1.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $17.12 billion, with 2.16 billion shares outstanding and 1.10 billion shares in the current float. Compared to the average trading volume of 3.84M shares, ASX stock reached a trading volume of 4272457 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on ASE Technology Holding Co. Ltd. [ASX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASX shares is $8.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASX stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for ASE Technology Holding Co. Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 07, 2021. The new note on the price target was released on June 25, 2021, representing the official price target for ASE Technology Holding Co. Ltd. stock.

The Average True Range (ATR) for ASE Technology Holding Co. Ltd. is set at 0.22, with the Price to Sales ratio for ASX stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 0.95. Price to Free Cash Flow for ASX in the course of the last twelve months was 6.25 with Quick ratio for the last quarter at 0.90.

ASX Stock Performance Analysis:

ASE Technology Holding Co. Ltd. [ASX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.90. With this latest performance, ASX shares gained by 1.42% in over the last four-week period, additionally sinking by -3.19% over the last 6 months – not to mention a rise of 24.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASX stock in for the last two-week period is set at 59.64, with the RSI for the last a single of trading hit 64.67, and the three-weeks RSI is set at 56.58 for ASE Technology Holding Co. Ltd. [ASX]. The present Moving Average for the last 50 days of trading for this stock 7.48, while it was recorded at 7.83 for the last single week of trading, and 8.01 for the last 200 days.

Insight into ASE Technology Holding Co. Ltd. Fundamentals:

ASE Technology Holding Co. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.40.

ASX Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ASE Technology Holding Co. Ltd. go to 34.20%.

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ASE Technology Holding Co. Ltd. [ASX] Insider Position Details

111 institutional holders increased their position in ASE Technology Holding Co. Ltd. [NYSE:ASX] by around 38,365,195 shares. Additionally, 78 investors decreased positions by around 7,955,505 shares, while 30 investors held positions by with 100,107,258 shares. The mentioned changes placed institutional holdings at 146,427,958 shares, according to the latest SEC report filing. ASX stock had 29 new institutional investments in for a total of 3,923,102 shares, while 18 institutional investors sold positions of 502,392 shares during the same period.