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ASE Technology Holding Co.Ltd ADR (NYSE: ASX) closed the day trading at $10.32 up 1.38% from the previous closing price of $10.18. In other words, the price has increased by $1.38 from its previous closing price. On the day, 4.72 million shares were traded. ASX stock price reached its highest trading level at $10.37 during the session, while it also had its lowest trading level at $10.15.
Ratios:
For a better understanding of ASX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.54. 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 22286864384 and an Enterprise Value of 172033294336. As of this moment, ASE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.41, and their Forward P/E ratio for the next fiscal year is 12.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 0.296 whereas that against EBITDA is 1.795.
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 -1.96%, while the 200-Day Moving Average is calculated to be 17.28%.
Shares Statistics:
Over the past 3-months, ASX traded about 6.22M shares per day on average, while over the past 10 days, ASX traded about 5891920 shares per day. 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 7.06% stake in the company. Shares short for ASX as of 1711584000 were 11321371 with a Short Ratio of 1.82, compared to 1709164800 on 8709454.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.63.
Earnings Estimates
Current recommendations for the stock of the company come from 2.0 analysts. 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 2.0 analysts recommending between $0.92 and $0.86.
Revenue Estimates
2 analysts predict $4.41B in revenue for the current quarter. 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 $4.26BFor the next quarter, 2 analysts are estimating revenue of $4.61B. There is a high estimate of $4.8B for the next quarter, whereas the lowest estimate is $4.43B.
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 $18.72BBased 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.
