A glimpse at ASE Technology Holding Co. Ltd.’s potential climb to old highs

As of close of business last night, ASE Technology Holding Co. Ltd.’s stock clocked out at $7.48, up 2.05% from its previous closing price of $7.33. In other words, the price has increased by $+0.15 from its previous closing price. On the day, 7190759 shares were traded. ASX stock price reached its highest trading level at $7.51 during the session, while it also had its lowest trading level at $7.34.

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To gain a deeper understanding of ASX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.48.

Upgrades & Downgrades

On October 07, 2021, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $13.30 to $8.10.

Valuation Measures:

As of this moment, ASE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.03, and their Forward P/E ratio for the next fiscal year is 8.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 1.59.

Stock Price History:

Over the past 52 weeks, ASX has reached a high of $7.70, while it has fallen to a 52-week low of $4.45. The 50-Day Moving Average of the stock is 7.20, while the 200-Day Moving Average is calculated to be 6.21.

Shares Statistics:

It appears that ASX traded 5.99M shares on average per day over the past three months and 6.38M shares per day over the past ten days. A total of 2.08B shares are outstanding, with a floating share count of 1.51B. Shares short for ASX as of Jan 12, 2023 were 5.47M with a Short Ratio of 5.79M, compared to 7.31M on Dec 14, 2022.

Dividends & Splits

With its trailing 12-month dividend rate of 4.20, ASX has a forward annual dividend rate of 0.47. The current Payout Ratio is 0.00% for ASX, which recently paid a dividend on Aug 03, 2022 with an ex-dividend date of Sep 02, 2021. Stock splits for the company last occurred on Apr 29, 2018 when the company split stock in a 1:1 ratio.

Earnings Estimates

As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.16, while EPS last year was $0.21. The consensus estimate for the next quarter is $0.18, with high estimates of $0.2 and low estimates of $0.17.

Analysts are recommending an EPS of between $0.82 and $0.8 for the fiscal current year, implying an average EPS of $0.81. EPS for the following year is $0.9, with 1 analysts recommending between $0.9 and $0.9.

Revenue Estimates

In the current quarter, 2 analysts expect revenue to total $4.67B. It ranges from a high estimate of $4.9B to a low estimate of $4.43B. As of the current estimate, ASE Technology Holding Co. Ltd.’s year-ago sales were $5.18B, an estimated decrease of -10.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $5.01B, a decrease of -8.10% over than the figure of -$10.00% in the same quarter last year. There is a high estimate of $5.08B for the next quarter, whereas the lowest estimate is $4.94B.

A total of 2 analysts have provided revenue estimates for ASX’s current fiscal year. The highest revenue estimate was $22.26B, while the lowest revenue estimate was $21.17B, resulting in an average revenue estimate of $21.72B. In the same quarter a year ago, actual revenue was $21.39B, up 1.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $23.23B in the next fiscal year. The high estimate is $23.23B and the low estimate is $23.23B. The average revenue growth estimate for next year is up 7.00% from the average revenue estimate for this year.