ASE Technology Holding Co. Ltd. (NYSE: ASX) is 35.96% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $9.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASX stock was last observed hovering at around $8.31 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $8.59 for the next 12 months. It is also 23.51% off the consensus price target high of $10.38 offered by 23 analysts, but current levels are -33.67% lower than the price target low of $5.94 for the same period.
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Currently trading at $7.94, the stock is 2.81% and 16.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.08 million and changing -4.45% at the moment leaves the stock 55.83% off its SMA200. ASX registered 64.73% gain for a year compared to 6-month gain of 93.66%. The firm has a 50-day simple moving average (SMA 50) of $7.40 and a 200-day simple moving average (SMA200) of $5.37.
The stock witnessed a 3.66% loss in the last 1 month and extending the period to 3 months gives it a 55.08%, and is -8.53% down 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 3.48% over the week and 3.16% over the month.
ASE Technology Holding Co. Ltd. (ASX) has around 101981 employees, a market worth around $17.46B and $15.92B in sales. Current P/E ratio is 19.80 and Fwd P/E is 17.88. Profit margin for the company is 5.40%. Distance from 52-week low is 150.47% and -11.78% 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”. 23 analysts offering their recommendations for the stock have an average rating of 1.50, where 2 rate it as a Hold and 5 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 $4.25B over the same period.The EPS is expected to shrink by -33.50% this year, but quarterly earnings will post 22.90% year-over-year. Quarterly sales are estimated to grow 12.60% 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 1.59B with Short Float at 0.19%. Institutions hold 4.41% of the Float.
The top institutional shareholder in the company is Fisher Asset Management, LLC with over 26.87 million shares valued at $156.91 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 7.64 million shares representing 0.35% and valued at over $44.62 million, while Bank of America Corporation holds 0.19% of the shares totaling 4.1 million with a market value of $23.97 million.