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.
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.
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.
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.
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.