ASE Technology Holding Co. Ltd. [ASX] Revenue clocked in at $20.09 billion, down -16.52% YTD: What’s Next?

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ASE Technology Holding Co. Ltd. [NYSE: ASX] plunged by -$0.4 during the normal trading session on Monday and reaching a high of $6.83 during the day while it closed the day at $6.52. The company report on June 9, 2022 that ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*.


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ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “Company”), announces its unaudited consolidated net revenues for May 2022.

ASE Technology Holding Co. Ltd. stock has also loss -8.81% of its value over the past 7 days. However, ASX stock has declined by -6.59% in the 3 months of the year. Over the past six months meanwhile, it has lost -12.48% and lost -16.52% year-on date.

The market cap for ASX stock reached $14.61 billion, with 2.14 billion shares outstanding and 1.56 billion shares in the current float. Compared to the average trading volume of 6.99M shares, ASX reached a trading volume of 9760770 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 $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 0.24, with the Price to Sales ratio for ASX stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 1.32. Price to Free Cash Flow for ASX in the course of the last twelve months was 4.69 with Quick ratio for the last quarter at 0.90.

ASX stock trade performance evaluation

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 -8.81. With this latest performance, ASX shares gained by 3.00% in over the last four-week period, additionally sinking by -12.48% over the last 6 months – not to mention a drop of -25.74% 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 41.74, with the RSI for the last a single of trading hit 34.52, and the three-weeks RSI is set at 44.58 for ASE Technology Holding Co. Ltd. [ASX]. The present Moving Average for the last 50 days of trading for this stock 6.76, while it was recorded at 6.94 for the last single week of trading, and 7.37 for the last 200 days.

ASE Technology Holding Co. Ltd. [ASX]: An insightful look at the core 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 1.20.

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%.

ASE Technology Holding Co. Ltd. [ASX]: Insider Ownership positions

130 institutional holders increased their position in ASE Technology Holding Co. Ltd. [NYSE:ASX] by around 12,590,523 shares. Additionally, 74 investors decreased positions by around 10,731,276 shares, while 40 investors held positions by with 120,733,664 shares. The mentioned changes placed institutional holdings at 144,055,463 shares, according to the latest SEC report filing. ASX stock had 36 new institutional investments in for a total of 1,694,782 shares, while 25 institutional investors sold positions of 3,042,773 shares during the same period.

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