Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, ASE Technology Holding Co.Ltd ADR (NYSE: ASX) closed at $10.35 down -2.27% from its previous closing price of $10.59. In other words, the price has decreased by -$2.27 from its previous closing price. On the day, 6.51 million shares were traded. ASX stock price reached its highest trading level at $10.53 during the session, while it also had its lowest trading level at $10.285.
Ratios:
For a deeper understanding of ASE Technology Holding Co.Ltd ADR’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.58. 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 22351652864 and an Enterprise Value of 172766429184. As of this moment, ASE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.47, and their Forward P/E ratio for the next fiscal year is 12.51. 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 2.30. Its current Enterprise Value per Revenue stands at 0.297 whereas that against EBITDA is 1.803.
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 -1.15%, while the 200-Day Moving Average is calculated to be 18.14%.
Shares Statistics:
For the past three months, ASX has traded an average of 6.22M shares per day and 5520270 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 7.06% 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
The current market rating for ASE Technology Holding Co.Ltd ADR (ASX) reflects the collective analysis of Phillips 66 analysts closely monitoring its performance.The consensus estimate for the next quarter is $34.39, with high estimates of $17.75 and low estimates of $67.42.
Analysts are recommending an EPS of between $Communication Services and $Healthcare for the fiscal current year, implying an average EPS of $Industrials.
