ASE Technology Holding Co. Ltd. (NYSE: ASX) is 15.07% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $6.58 in the current 52-week trading range. The ASX stock was last observed hovering at around $6.48 in the last trading session, with the day’s gains setting it 0.24% off its average median price target of $6.29 for the next 12 months. It is also 10.52% off the consensus price target high of $7.51 offered by 22 analysts, but current levels are -33.6% lower than the price target low of $5.03 for the same period.
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Currently trading at $6.72, the stock is 14.69% and 24.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.45 million and changing 3.70% at the moment leaves the stock 45.99% off its SMA200. ASX registered 27.03% gain for a year compared to 6-month gain of 41.18%. The firm has a 50-day simple moving average (SMA 50) of $0.05% and a 200-day simple moving average (SMA200) of $585.66k.
The stock witnessed a 19.79% loss in the last 1 month and extending the period to 3 months gives it a 55.20%, and is 12.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 2.08% over the month.
ASE Technology Holding Co. Ltd. (ASX) has around 97259 employees, a market worth around $14.37B and $15.84B in sales. Current P/E ratio is 16.84 and Fwd P/E is 18.82. Profit margin for the company is 5.40%. Distance from 52-week low is 111.99% and 2.13% from its 52-week high. The company has generated returns on investments over the last 12 months (4.20%).
ASE Technology Holding Co. Ltd. (ASX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ASE Technology Holding Co. Ltd. (ASX) is a “Buy”. 22 analysts offering their recommendations for the stock have an average rating of 1.50, where 3 rate it as a Hold and 3 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ASE Technology Holding Co. Ltd. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $4.24B over the same period.The EPS is expected to shrink by -33.50% this year, but quarterly earnings will post 20.60% year-over-year. Quarterly sales are estimated to grow 12.50% in year-over-year returns.
ASE Technology Holding Co. Ltd. (ASX) Top Institutional Holders
168 institutions hold shares in ASE Technology Holding Co. Ltd. (ASX), with institutional investors hold 4.41% of the company’s shares. The shares outstanding are 2.13B, and float is at 1.58B with Short Float at 0.07%. Institutions hold 4.41% of the Float.
The top institutional shareholder in the company is Fisher Asset Management, LLC with over 26.94 million shares valued at $109.93 million. The investor’s holdings represent 1.24% of the ASX Shares outstanding. As of Sep 29, 2020, the second largest holder is Schroder Investment Management Group with 9.03 million shares valued at $36.84 million to account for 0.42% of the shares outstanding. The other top investors are Schafer Cullen Capital Management Inc which holds 8.25 million shares representing 0.38% and valued at over $33.68 million, while Bank of America Corporation holds 0.19% of the shares totaling 4.11 million with a market value of $16.76 million.