ASE Technology Holding Co.Ltd ADR (NYSE: ASX) is -16.39% lower on its value in year-to-date trading and has touched a low of $6.94 and a high of $12.21 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 $10.41 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $10.2, the stock is -1.42% and 2.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.12 million and changing -2.02% at the moment leaves the stock 3.57% off its SMA200. ASX registered 1.29% gain for a year compared to 6-month loss of -5.20%. The firm has a 50-day simple moving average (SMA 50) of $9.9304 and a 200-day simple moving average (SMA200) of $9.8488.
The stock witnessed a 0.10% gain in the last 1 month and extending the period to 3 months gives it a 29.77%, and is 0.69% 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 1.87% over the week and 2.00% over the month.
Current P/E ratio is 21.72 and Fwd P/E is 12.16. Profit margin for the company is 5.63%. Distance from 52-week low is 46.97% and -16.46% 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 39.48% this year.
ASE Technology Holding Co.Ltd ADR (ASX) Top Institutional Holders
377.0 institutions hold shares in ASE Technology Holding Co.Ltd ADR (ASX), with institutional investors hold 8.36% of the company’s shares. The shares outstanding are 2.17B, and float is at 2.17B with Short Float at 0.80%. Institutions hold 8.36% 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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