Quarterly Snapshot: Quick and Current Ratios for ASE Technology Holding Co.Ltd ADR (ASX)

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The closing price of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was $11.74 for the day, down -1.68% from the previous closing price of $11.94. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 8.25 million shares were traded. ASX stock price reached its highest trading level at $12.23 during the session, while it also had its lowest trading level at $11.67.


Our analysis of ASX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.37. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.42.

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 25356052480 and an Enterprise Value of 170885660672. As of this moment, ASE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.66, and their Forward P/E ratio for the next fiscal year is 15.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 2.78. Its current Enterprise Value per Revenue stands at 0.293 whereas that against EBITDA is 1.788.

Stock Price History:

The Beta on a monthly basis for ASX is 1.24, which has changed by 0.35565817 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, ASX has reached a high of $11.98, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is 9.38%, while the 200-Day Moving Average is calculated to be 25.08%.

Shares Statistics:

ASX traded an average of 5.44M shares per day over the past three months and 5378100 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 7.79% stake in the company. Shares short for ASX as of 1715731200 were 10211005 with a Short Ratio of 1.83, compared to 1713139200 on 10902468.

Dividends & Splits

With its trailing 12-month dividend rate of 5.2, ASX has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.43551087The stock’s 5-year Average Dividend Yield is 4.69. The current Payout Ratio is 49.29% for ASX, which recently paid a dividend on 2023-06-30 with an ex-dividend date of 1719878400. Stock splits for the company last occurred on 2008-08-13 when the company split stock in a 1029:1000 ratio.

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