ASX (ASE Technology Holding Co. Ltd.): Time to Pay Attention?

The price of ASE Technology Holding Co. Ltd. (NYSE: ASX) closed at $7.44 in the last session, up 2.76% from day before closing price of $7.24. In other words, the price has increased by $+0.20 from its previous closing price. On the day, 6711038 shares were traded. ASX stock price reached its highest trading level at $7.44 during the session, while it also had its lowest trading level at $7.25.

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We take a closer look at ASX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.86. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.46.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on October 07, 2021, Downgraded its rating to Neutral and sets its target price to $8.10 from $13.30 previously.

Valuation Measures:

As of this moment, ASE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.36, and their Forward P/E ratio for the next fiscal year is 9.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 1.69.

Stock Price History:

Over the past 52 weeks, ASX has reached a high of $7.81, while it has fallen to a 52-week low of $4.45. The 50-Day Moving Average of the stock is 6.55, while the 200-Day Moving Average is calculated to be 6.09.

Shares Statistics:

According to the various share statistics, ASX traded on average about 7.46M shares per day over the past 3-months and 5.1M shares per day over the past 10 days. A total of 2.17B shares are outstanding, with a floating share count of 1.51B. Shares short for ASX as of Oct 13, 2022 were 7.24M with a Short Ratio of 5.35M, compared to 7.92M on Sep 14, 2022.

Dividends & Splits

The forward annual dividend rate for ASX is 0.47, which was 4.20 in the trailing 12 months.

Earnings Estimates

The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.22, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.17, with high estimates of $0.18 and low estimates of $0.17.

Analysts are recommending an EPS of between $0.96 and $0.88 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $0.86, with 2 analysts recommending between $0.87 and $0.86.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $5.96B. It ranges from a high estimate of $6.32B to a low estimate of $5.6B. As of the current estimate, ASE Technology Holding Co. Ltd.’s year-ago sales were $6.23B, an estimated decrease of -4.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $4.9B, a decrease of -5.40% less than the figure of -$4.30% in the same quarter last year. There is a high estimate of $5.3B for the next quarter, whereas the lowest estimate is $4.51B.

A total of 2 analysts have provided revenue estimates for ASX’s current fiscal year. The highest revenue estimate was $22.92B, while the lowest revenue estimate was $21.12B, resulting in an average revenue estimate of $22.02B. In the same quarter a year ago, actual revenue was $20.37B, up 8.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $22.25B in the next fiscal year. The high estimate is $23B and the low estimate is $21.5B. The average revenue growth estimate for next year is up 1.10% from the average revenue estimate for this year.