ASE Technology Holding Co. Ltd. [ASX] stock Downgrade by Goldman analyst, price target now $8.10



ASE Technology Holding Co. Ltd. [NYSE: ASX] surged by $0.07 during the normal trading session on Tuesday and reaching a high of $7.94 during the day while it closed the day at $7.91. 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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ASE Technology Holding Co. Ltd. stock has also gained 0.38% of its value over the past 7 days. However, ASX stock has inclined by 18.77% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.12% and gained 1.28% year-on date.

The market cap for ASX stock reached $17.92 billion, with 2.16 billion shares outstanding and 1.57 billion shares in the current float. Compared to the average trading volume of 3.82M shares, ASX reached a trading volume of 5125308 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 2.00. 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 0.91. 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 0.92. Price to Free Cash Flow for ASX in the course of the last twelve months was 6.52 with Quick ratio for the last quarter at 0.90.

ASX stock trade performance evaluation

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 0.38. With this latest performance, ASX shares gained by 6.17% in over the last four-week period, additionally sinking by -4.12% over the last 6 months – not to mention a rise of 17.19% 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 57.14, with the RSI for the last a single of trading hit 58.50, and the three-weeks RSI is set at 55.54 for ASE Technology Holding Co. Ltd. [ASX]. The present Moving Average for the last 50 days of trading for this stock 7.56, while it was recorded at 7.86 for the last single week of trading, and 8.02 for the last 200 days.

ASE Technology Holding Co. Ltd. [ASX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ASE Technology Holding Co. Ltd. [ASX] shares currently have an operating margin of +7.43 and a Gross Margin at +15.42. ASE Technology Holding Co. Ltd.’s Net Margin is presently recorded at +5.78.

Return on Total Capital for ASX is now 8.17, given the latest momentum, and Return on Invested Capital for the company is 7.32. Return on Equity for this stock inclined to 13.15, with Return on Assets sitting at 4.84. When it comes to the capital structure of this company, ASE Technology Holding Co. Ltd. [ASX] has a Total Debt to Total Equity ratio set at 90.53. Additionally, ASX Total Debt to Total Capital is recorded at 47.51, with Total Debt to Total Assets ending up at 33.94. Long-Term Debt to Equity for the company is recorded at 71.63, with the Long-Term Debt to Total Capital now at 37.60.

Reflecting on the efficiency of the workforce at the company, ASE Technology Holding Co. Ltd. [ASX] managed to generate an average of $270,570 per employee. Receivables Turnover for the company is 5.08 with a Total Asset Turnover recorded at a value of 0.84.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.

Earnings per share (EPS) analysis for ASE Technology Holding Co. Ltd. [ASX] stock

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 Ownership positions

Positions in ASE Technology Holding Co. Ltd. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 112 institutional holders increased their position in ASE Technology Holding Co. Ltd. [NYSE:ASX] by around 38,367,637 shares. Additionally, 76 investors decreased positions by around 7,962,756 shares, while 30 investors held positions by with 100,064,955 shares. The mentioned changes placed institutional holdings at 146,395,348 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 520,042 shares during the same period.