Is ASE Technology Holding Co.Ltd ADR (ASX) a good stock to buy now?

ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is 3.29% higher on its value in year-to-date trading and has touched a low of $8.10 and a high of $12.86 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 $9.49 in the last trading session, with the day’s gains setting it 0.23%.

Currently trading at $9.72, the stock is -0.27% and -2.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.0 million and changing 2.42% at the moment leaves the stock -6.28% off its SMA200. ASX registered 12.37% gain for a year compared to 6-month loss of -9.83%. The firm has a 50-day simple moving average (SMA 50) of $9.9282 and a 200-day simple moving average (SMA200) of $10.37165.

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The stock witnessed a -0.82% gain in the last 1 month and extending the period to 3 months gives it a -2.70%, and is -0.92% 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 2.17% over the week and 2.44% over the month.

ASE Technology Holding Co.Ltd ADR (ASX) has around 92894 employees, a market worth around $21.09B and $18.55B in sales. Current P/E ratio is 21.23 and Fwd P/E is 14.28. Profit margin for the company is 5.47%. Distance from 52-week low is 20.00% and -24.42% from its 52-week high. The company has generated returns on investments over the last 12 months (7.28%).

The EPS is expected to grow by 1.38% this year.

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

The shares outstanding are 2.17B, and float is at 2.17B with Short Float at 0.51%.

The top institutional shareholder in the company is LAZARD ASSET MANAGEMENT LLC with over 21.12 million shares valued at $241.21 million. The investor’s holdings represent 0.4898% of the ASX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.47 million shares valued at $165.3 million to account for 0.3356 of the shares outstanding. The other top investors are FISHER ASSET MANAGEMENT, LLC which holds 13.69 million shares representing 0.3174% and valued at over $156.3 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 0.2472 of the shares totaling 10.66 million with a market value of $121.72 million.