A share price of ASE Technology Holding Co.Ltd ADR [ASX] is currently trading at $10.85, up 3.14%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ASX shares have gain 5.34% over the last week, with a monthly amount glided 7.96%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ASE Technology Holding Co.Ltd ADR [NYSE: ASX] stock has seen the most recent analyst activity on July 28, 2023, when Goldman upgraded its rating to a Buy and also boosted its price target to $9.20 from $6.60. Previously, HSBC Securities downgraded its rating to Hold on June 28, 2023, and kept the price target unchanged to $6.47. On February 10, 2023, downgrade downgraded it’s rating to Hold. Goldman downgraded its rating to a Neutral and decreased its price target to $8.10 on October 07, 2021. Nomura downgraded its rating to a Neutral. Morgan Stanley downgraded its rating to Equal-Weight for this stock on September 24, 2019. In a note dated September 04, 2019, Goldman initiated an Buy rating.
ASE Technology Holding Co.Ltd ADR experienced fluctuations in its stock price throughout the past year between $7.20 and $11.68. ASE Technology Holding Co.Ltd ADR [NYSE: ASX] shares were valued at $10.85 at the most recent close of the market.
Analyzing the ASX fundamentals
Trailing Twelve Months sales for ASE Technology Holding Co.Ltd ADR [NYSE:ASX] were 18.57B which represents -1.87% decline. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.61 points at the first support level, and at 10.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.01, and for the 2nd resistance point, it is at 11.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ASE Technology Holding Co.Ltd ADR [NYSE:ASX] is 1.19. In addition, the Quick Ratio stands at 0.92 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 2.57 and price to earnings (TTM) ratio is 23.72.
