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ASE Technology Holding Co.Ltd ADR (ASX) up 14.98% since start of the year

ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is 14.98% higher on its value in year-to-date trading and has touched a low of $6.70 and a high of $11.68 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 $10.99 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $10.82, the stock is -1.11% and 7.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.13 million and changing -1.55% at the moment leaves the stock 25.58% off its SMA200. ASX registered 38.90% gain for a year compared to 6-month gain of 44.46%. The firm has a 50-day simple moving average (SMA 50) of $0.04 and a 200-day simple moving average (SMA200) of $0.23.

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The stock witnessed a 11.09% loss in the last 1 month and extending the period to 3 months gives it a 14.50%, and is -3.65% 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 1.79% over the week and 2.39% over the month.

Current P/E ratio is 23.49 and Fwd P/E is 13.03. Profit margin for the company is 5.44%. Distance from 52-week low is 61.49% and -7.36% from its 52-week high. The company has generated returns on investments over the last 12 months (7.66%).

ASE Technology Holding Co.Ltd ADR quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $4.41B over the same period.The EPS is expected to grow by 32.36% this year, but quarterly earnings will post 11.20% year-over-year. Quarterly sales are estimated to grow 3.50% in year-over-year returns.

ASE Technology Holding Co.Ltd ADR (ASX) Top Institutional Holders

320 institutions hold shares in ASE Technology Holding Co.Ltd ADR (ASX), with institutional investors hold 7.05% of the company’s shares. The shares outstanding are 2.16B, and float is at 2.16B with Short Float at 0.46%. Institutions hold 7.05% of the Float.

The top institutional shareholder in the company is Lazard Asset Management LLC with over 30.75 million shares valued at $239.51 million. The investor’s holdings represent 1.40% of the ASX Shares outstanding. As of Jun 29, 2023, the second largest holder is Fisher Asset Management, LLC with 21.38 million shares valued at $166.57 million to account for 0.98% of the shares outstanding. The other top investors are Arrowstreet Capital, Limited Partnership which holds 12.36 million shares representing 0.56% and valued at over $96.29 million, while UBS Group AG holds 0.45% of the shares totaling 9.84 million with a market value of $76.68 million.

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