ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is -24.63% lower on its value in year-to-date trading and has touched a low of $7.53 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 $7.67 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $7.59, the stock is -17.82% and -23.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.67 million and changing -1.04% at the moment leaves the stock -24.85% off its SMA200. ASX registered -30.49% loss for a year compared to 6-month gain of -21.75%. The firm has a 50-day simple moving average (SMA 50) of $9.864 and a 200-day simple moving average (SMA200) of $10.09925.
The stock witnessed a -24.48% loss in the last 1 month and extending the period to 3 months gives it a -25.66%, and is -13.36% 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 5.91% over the week and 3.30% over the month.
Current P/E ratio is 16.82 and Fwd P/E is 8.81. Profit margin for the company is 5.45%. Distance from 52-week low is 0.80% and -40.98% from its 52-week high. The company has generated returns on investments over the last 12 months (7.05%).
with sales reaching $143.62B over the same period.The EPS is expected to grow by 41.88% this year, but quarterly earnings will post 11.79% year-over-year. Quarterly sales are estimated to grow 8.15% in year-over-year returns.
ASE Technology Holding Co.Ltd ADR (ASX) Top Institutional Holders
369.0 institutions hold shares in ASE Technology Holding Co.Ltd ADR (ASX), with institutional investors hold 7.83% of the company’s shares. The shares outstanding are 2.17B, and float is at 2.17B with Short Float at 0.65%. Institutions hold 7.83% of the Float.
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 0.4893% 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 0.3353 of the shares outstanding. The other top investors are FISHER ASSET MANAGEMENT, LLC which holds 13.69 million shares representing 0.317% and valued at over $156.3 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 0.2469 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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