ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is -20.46% lower on its value in year-to-date trading and has touched a low of $6.94 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 $8.08 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $8.01, the stock is -5.95% and -15.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.18 million and changing -0.87% at the moment leaves the stock -19.49% off its SMA200. ASX registered -24.36% loss for a year compared to 6-month loss of -22.76%. The firm has a 50-day simple moving average (SMA 50) of $9.5308 and a 200-day simple moving average (SMA200) of $9.949.
The stock witnessed a -18.51% gain in the last 1 month and extending the period to 3 months gives it a -23.86%, and is -3.49% 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 2.84% over the week and 5.03% over the month.
Current P/E ratio is 17.75 and Fwd P/E is 9.52. Profit margin for the company is 5.45%. Distance from 52-week low is 15.42% and -37.71% from its 52-week high. The company has generated returns on investments over the last 12 months (7.05%).
The EPS is expected to grow by 40.28% this year.
ASE Technology Holding Co.Ltd ADR (ASX) Top Institutional Holders
370.0 institutions hold shares in ASE Technology Holding Co.Ltd ADR (ASX), with institutional investors hold 7.82% of the company’s shares. The shares outstanding are 2.17B, and float is at 2.17B with Short Float at 0.51%. Institutions hold 7.82% 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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