ASE Technology Holding Co.Ltd ADR [NYSE: ASX] loss -4.22% on the last trading session, reaching $9.76 price per share at the time.
If compared to the average trading volume of 8.95M shares, ASX reached a trading volume of 6008459 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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.
Morgan Stanley have made an estimate for ASE Technology Holding Co.Ltd ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 16, 2024. The new note on the price target was released on June 25, 2024, representing the official price target for ASE Technology Holding Co.Ltd ADR stock. Previously, the target price had yet another raise from $6.60 to $9.20, while Goldman kept a Buy rating on ASX stock.
The Average True Range (ATR) for ASE Technology Holding Co.Ltd ADR is set at 0.32, with the Price to Sales ratio for ASX stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 2.26, with the Price to Cash per share for the same quarter was set at 1.05. Price to Free Cash Flow for ASX in the course of the last twelve months was 12.85 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for ASX stock
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 -2.40. With this latest performance, ASX shares dropped by -0.81% in over the last four-week period, additionally sinking by -9.80% over the last 6 months – not to mention a rise of 30.31% 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 48.35, with the RSI for the last a single of trading hit 46.39, and the three-weeks RSI is set at 48.32 for ASE Technology Holding Co.Ltd ADR [ASX]. The present Moving Average for the last 50 days of trading for this stock 9.75, while it was recorded at 10.16 for the last single week of trading, and 10.21 for the last 200 days.
ASE Technology Holding Co.Ltd ADR [ASX]: A deeper dive into fundamental analysis
ASE Technology Holding Co.Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.17.
ASE Technology Holding Co.Ltd ADR [ASX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, ASE Technology Holding Co.Ltd ADR posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. 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 29.50%.
An analysis of Institutional ownership at ASE Technology Holding Co.Ltd ADR [ASX]
The top three institutional holders of ASX stocks are: LAZARD ASSET MANAGEMENT LLC with ownership of 21.12 million shares, which is approximately 0.4898%. BLACKROCK INC., holding 14.47 million shares of the stock with an approximate value of $$165.3 million in ASX stocks shares; and BLACKROCK INC., currently with $$156.3 million in ASX stock with ownership which is approximately 0.3174%.
