ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is -0.20% 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 $10.23 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $10.05, the stock is 2.60% and 10.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.15 million and changing -1.76% at the moment leaves the stock 2.81% off its SMA200. ASX registered -9.54% loss for a year compared to 6-month gain of 2.45%.
The stock witnessed a -1.37% loss in the last 1 month and extending the period to 3 months gives it a 4.04%, and is 3.61% up 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 1.70% over the week and 1.53% over the month.
Current P/E ratio is 21.40 and Fwd P/E is 12.01. Profit margin for the company is 5.63%. Distance from 52-week low is 44.81% and -21.85% from its 52-week high. The company has generated returns on investments over the last 12 months (7.55%).
The EPS is expected to grow by 40.68% 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 0.71%.
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.
