ASE Technology Holding Co.Ltd ADR [ASX] moved down -1.05: Why It’s Important

ASE Technology Holding Co.Ltd ADR [NYSE: ASX] plunged by -$0.1 during the normal trading session on while it closed the day at $9.38. The company report on January 9, 2024 at 2:00 AM 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 revised unaudited consolidated net revenues for December, 4th quarter and full year of 2023.

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ASE Technology Holding Co.Ltd ADR stock has also loss -0.95% of its value over the past 7 days. However, ASX stock has inclined by 25.40% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.81% and lost -0.32% year-on date.

The market cap for ASX stock reached $20.22 billion, with 2.16 billion shares outstanding and 2.16 billion shares in the current float. Compared to the average trading volume of 4.97M shares, ASX reached a trading volume of 4084792 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 ADR [ASX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASX shares is $9.10 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 1.85. 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 ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 28, 2023.

The Average True Range (ATR) for ASE Technology Holding Co.Ltd ADR is set at 0.20, with the Price to Sales ratio for ASX stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 2.20, with the Price to Cash per share for the same quarter was set at 1.02. Price to Free Cash Flow for ASX in the course of the last twelve months was 10.21 with Quick ratio for the last quarter at 0.89.

ASX stock trade performance evaluation

ASE Technology Holding Co.Ltd ADR [ASX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.95. With this latest performance, ASX shares dropped by -0.74% in over the last four-week period, additionally plugging by 16.81% over the last 6 months – not to mention a rise of 25.23% 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 59.20, with the RSI for the last a single of trading hit 58.84, and the three-weeks RSI is set at 59.15 for ASE Technology Holding Co.Ltd ADR [ASX]. The present Moving Average for the last 50 days of trading for this stock 8.93, while it was recorded at 9.49 for the last single week of trading, and 8.04 for the last 200 days.

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

ASE Technology Holding Co.Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 1.21.

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

With the latest financial reports released by the company, ASE Technology Holding Co.Ltd ADR posted 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.50%. 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 ADR go to -2.80%.

ASE Technology Holding Co.Ltd ADR [ASX]: Institutional Ownership

The top three institutional holders of ASX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ASX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ASX stock with ownership which is approximately 5.8325%.