ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is -3.67% 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 $9.63 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $9.70, the stock is -0.50% and 7.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.92 million and changing 0.73% at the moment leaves the stock -0.69% off its SMA200. ASX registered -9.60% loss for a year compared to 6-month loss of -2.12%. The firm has a 50-day simple moving average (SMA 50) of $9.012 and a 200-day simple moving average (SMA200) of $9.7676.
The stock witnessed a 6.59% gain in the last 1 month and extending the period to 3 months gives it a -3.48%, and is 3.41% 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 0.99% over the week and 2.03% over the month.
Current P/E ratio is 20.65 and Fwd P/E is 11.62. Profit margin for the company is 5.63%. Distance from 52-week low is 39.77% and -24.57% from its 52-week high. The company has generated returns on investments over the last 12 months (7.55%).
with sales reaching $150.44B over the same period.The EPS is expected to grow by 40.48% this year, but quarterly earnings will post 9.72% year-over-year. Quarterly sales are estimated to grow 7.27% in year-over-year returns.
ASE Technology Holding Co.Ltd ADR (ASX) Top Institutional Holders
379.0 institutions hold shares in ASE Technology Holding Co.Ltd ADR (ASX), with institutional investors hold 8.37% of the company’s shares. The shares outstanding are 2.17B, and float is at 2.17B with Short Float at 0.60%. Institutions hold 8.37% 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.
