At the time of writing, ASE Technology Holding Co.Ltd ADR [ASX] stock is trading at $11.11, down -0.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASX shares have gain 3.54% over the last week, with a monthly amount glided 5.61%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
For the past year, the stock price of ASE Technology Holding Co.Ltd ADR fluctuated between $7.20 and $11.68. ASE Technology Holding Co.Ltd ADR [NYSE: ASX] shares were valued at $11.11 at the most recent close of the market.
Analyzing the ASX fundamentals
According to ASE Technology Holding Co.Ltd ADR [NYSE:ASX], the company’s sales were 18.57B for trailing twelve months, which represents an -1.87% plunge. 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 11.01 points at the first support level, and at 10.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.18, and for the 2nd resistance point, it is at 11.25.
Ratios To Look Out For
It is important to note that ASE Technology Holding Co.Ltd ADR [NYSE:ASX] has a current ratio of 1.19. On the other hand, the Quick Ratio is 0.92, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 2.63 and price to earnings (TTM) ratio is 24.28.
