ASE Technology Holding Co.Ltd ADR (ASX) Stock Volatility: Beta and Market Fluctuations

As of close of business last night, ASE Technology Holding Co.Ltd ADR’s stock clocked out at $10.82, down -1.55% from its previous closing price of $10.99. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 6127225 shares were traded.

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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 10.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.10. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.37.

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 July 28, 2023, Upgraded its rating to Buy and sets its target price to $9.20 from $6.60 previously.

On June 28, 2023, HSBC Securities Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $6.47.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASX now has a Market Capitalization of 20.27B and an Enterprise Value of 23.76B. As of this moment, ASE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.49, and their Forward P/E ratio for the next fiscal year is 13.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 0.04 whereas that against EBITDA is 0.23.

Stock Price History:

Over the past 52 weeks, ASX has reached a high of $11.68, while it has fallen to a 52-week low of $6.70. The 50-Day Moving Average of the stock is 10.12, while the 200-Day Moving Average is calculated to be 8.64.

Shares Statistics:

It appears that ASX traded 6.20M shares on average per day over the past three months and 5.79M shares per day over the past ten days. A total of 2.16B shares are outstanding, with a floating share count of 2.16B. Insiders hold about 0.00% of the company’s shares, while institutions hold 7.05% stake in the company. Shares short for ASX as of Mar 15, 2024 were 8.71M with a Short Ratio of 1.60, compared to 9.18M on Feb 15, 2024.

Dividends & Splits

With its trailing 12-month dividend rate of 0.00, ASX has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 5.19%. The stock’s 5-year Average Dividend Yield is 4.60.

Earnings Estimates

As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.09, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.14, with high estimates of $0.14 and low estimates of $0.14.

Analysts are recommending an EPS of between $0.7 and $0.67 for the fiscal current year, implying an average EPS of $0.68. EPS for the following year is $0.89, with 2 analysts recommending between $0.92 and $0.86.

Revenue Estimates

In the current quarter, 2 analysts expect revenue to total $4.41B. It ranges from a high estimate of $4.54B to a low estimate of $4.28B. As of the current estimate, ASE Technology Holding Co.Ltd ADR’s year-ago sales were $4.26B, an estimated increase of 3.50% from the year-ago figure.

A total of 2 analysts have provided revenue estimates for ASX’s current fiscal year. The highest revenue estimate was $21.44B, while the lowest revenue estimate was $20.2B, resulting in an average revenue estimate of $20.82B. In the same quarter a year ago, actual revenue was $18.72B, up 11.20% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $23.55B in the next fiscal year. The high estimate is $24.27B and the low estimate is $22.82B. The average revenue growth estimate for next year is up 13.10% from the average revenue estimate for this year.

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