ASE Technology Holding Co. Ltd. [ASX] Is Currently -4.92 below its 200 Period Moving Avg: What Does This Mean?

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ASE Technology Holding Co. Ltd. [NYSE: ASX] loss -4.92% on the last trading session, reaching $6.19 price per share at the time. The company report on April 28, 2022 that ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2022.

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ASE Technology Holding Co., Ltd. (TAIEX: 3711, NYSE: ASX) (“We”, “ASEH”, or the “Company”), the leading provider of semiconductor assembly and test services (ATM) and electronic manufacturing services (EMS), today reported its unaudited net revenues[1] of NT$144,391 million for 1Q22, up by 21% year-over-year and down by 17% sequentially (or up by 27% year-over-year and down by 13% sequentially on pro forma basis). Net income attributable to shareholders of the parent for the quarter totaled NT$12,907 million, up from a net income attributable to shareholders of the parent of NT$8,477 million in 1Q21 and down from a net income attributable to shareholders of the parent of NT$30,916 million in 4Q21 (or up from a net income attributable to shareholders of the parent of NT$7,981 million in 1Q21 and down from a net income attributable to shareholders of the parent of NT$14,459 million in 4Q21 on pro forma basis). Basic earnings per share for the quarter were NT$3.01 (or US$0.216 per ADS), compared to NT$1.97 for 1Q21 and NT$7.20 for 4Q21 (or NT$1.85 for 1Q21 and NT$3.37 for 4Q21 on pro forma basis). Diluted earnings per share for the quarter were NT$2.92 (or US$0.210 per ADS), compared to NT$1.92 for 1Q21 and NT$6.99 for 4Q21 (or NT$1.80 for 1Q21 and NT$3.21 for 4Q21 on pro forma basis).

We are providing the unaudited pro forma financial information to aid you in your analysis of the financial aspects of our disposal of the China Sites in 4Q21. The unaudited pro forma financial information was based on our historical financial statements and China sites’ historical financial statements, given effect to the disposal as if it had occurred for the preceding quarters of 1Q21 and 4Q21. For more details on our operations, please refer to “Summary of Consolidated Statement of Income Data” and “Summary of Consolidated Statement of Income Data – ATM.”.

ASE Technology Holding Co. Ltd. represents 2.15 billion in outstanding shares, while the company has a total market value of $13.92 billion with the latest information. ASX stock price has been found in the range of $6.19 to $6.42.

If compared to the average trading volume of 6.57M shares, ASX reached a trading volume of 8759726 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $7.97 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 0.27, with the Price to Sales ratio for ASX stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 1.18. Price to Free Cash Flow for ASX in the course of the last twelve months was 5.11 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for ASX stock

ASE Technology Holding Co. Ltd. [ASX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.35. With this latest performance, ASX shares dropped by -10.68% in over the last four-week period, additionally sinking by -14.62% over the last 6 months – not to mention a drop of -20.03% 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 39.50, with the RSI for the last a single of trading hit 37.36, and the three-weeks RSI is set at 40.91 for ASE Technology Holding Co. Ltd. [ASX]. The present Moving Average for the last 50 days of trading for this stock 6.97, while it was recorded at 6.56 for the last single week of trading, and 7.62 for the last 200 days.

ASE Technology Holding Co. Ltd. [ASX]: A deeper dive into fundamental analysis

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 +11.03 and a Gross Margin at +18.58. ASE Technology Holding Co. Ltd.’s Net Margin is presently recorded at +11.21.

Return on Total Capital for ASX is now 13.63, given the latest momentum, and Return on Invested Capital for the company is 15.95. Return on Equity for this stock inclined to 26.70, with Return on Assets sitting at 10.18. 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 82.93. Additionally, ASX Total Debt to Total Capital is recorded at 45.33, with Total Debt to Total Assets ending up at 32.05. Long-Term Debt to Equity for the company is recorded at 63.87, with the Long-Term Debt to Total Capital now at 34.92.

Receivables Turnover for the company is 4.82 with a Total Asset Turnover recorded at a value of 0.91.ASE Technology Holding Co. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.

ASE Technology Holding Co. Ltd. [ASX]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at ASE Technology Holding Co. Ltd. [ASX]

110 institutional holders increased their position in ASE Technology Holding Co. Ltd. [NYSE:ASX] by around 18,312,593 shares. Additionally, 91 investors decreased positions by around 23,993,599 shares, while 37 investors held positions by with 99,486,845 shares. The mentioned changes placed institutional holdings at 141,793,037 shares, according to the latest SEC report filing. ASX stock had 35 new institutional investments in for a total of 5,568,540 shares, while 29 institutional investors sold positions of 3,298,517 shares during the same period.