ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is -3.38% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASX stock was last observed hovering at around $10.86 in the last trading session, with the day’s loss setting it -1.13%.
Currently trading at $9.73, the stock is -6.94% and -3.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.2 million and changing -10.41% at the moment leaves the stock -5.62% off its SMA200. ASX registered 2.21% gain for a year compared to 6-month gain of -6.08%. The firm has a 50-day simple moving average (SMA 50) of $10.1268 and a 200-day simple moving average (SMA200) of $10.31665.
The stock witnessed a -6.26% loss in the last 1 month and extending the period to 3 months gives it a -4.04%, and is -7.51% 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 3.63% over the week and 2.26% over the month.
ASE Technology Holding Co.Ltd ADR (ASX) has around 92894 employees, a market worth around $21.12B and $18.55B in sales. Current P/E ratio is 21.25 and Fwd P/E is 14.66. Profit margin for the company is 5.47%. Distance from 52-week low is 20.12% and -24.34% from its 52-week high. The company has generated returns on investments over the last 12 months (7.28%).
The EPS is expected to shrink by -0.55% 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 0.48%.
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.
ASE Technology Holding Co.Ltd ADR (ASX) Insider Activity
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