ASE Technology Holding Co.Ltd ADR [ASX] stock is trading at $9.21, up 4.07%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ASX shares have lost -3.26% over the last week, with a monthly amount drifted -24.51%, and not 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 June 25, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight. Previously, Goldman upgraded its rating to Buy on July 28, 2023, and elevated its price target to $9.20. On June 28, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $6.47 on the stock. China Renaissance downgraded its rating to a Hold. Goldman downgraded its rating to a Neutral and reduced its price target to $8.10 on October 07, 2021. Nomura downgraded its rating to Neutral for this stock on June 25, 2021. In a note dated September 24, 2019, Morgan Stanley downgraded an Equal-Weight rating on this stock.
ASE Technology Holding Co.Ltd ADR [ASX] stock has fluctuated between $7.20 and $12.86 over the past year. ASE Technology Holding Co.Ltd ADR [NYSE: ASX] shares were valued at $9.21 at the most recent close of the market.
Analyzing the ASX fundamentals
ASE Technology Holding Co.Ltd ADR [NYSE:ASX] reported sales of 18.46B for the trailing twelve months, which represents a drop of -2.28%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 8.91 points at the first support level, and at 8.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.39, and for the 2nd resistance point, it is at 9.57.
Ratios To Look Out For
For context, ASE Technology Holding Co.Ltd ADR’s Current Ratio is 1.17. Further, the Quick Ratio stands at 0.90, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 20.41.
