A share price of ASE Technology Holding Co.Ltd ADR [ASX] is currently trading at $9.86, down -0.10%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASX shares have gain 2.82% over the last week, with a monthly amount glided 7.64%, 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 September 16, 2024, when Morgan Stanley upgraded its rating to a Overweight. Previously, Morgan Stanley downgraded its rating to Equal-Weight on June 25, 2024. On July 28, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $9.20 on the stock. HSBC Securities downgraded its rating to a Hold but stick to its price target of $6.47 on June 28, 2023. China Renaissance downgraded its rating to a Hold. Goldman downgraded its rating to Neutral for this stock on October 07, 2021, and downed its price target to $8.10. In a note dated June 25, 2021, Nomura downgraded an Neutral rating on this stock.
ASE Technology Holding Co.Ltd ADR experienced fluctuations in its stock price throughout the past year between $7.33 and $12.86. ASE Technology Holding Co.Ltd ADR [NYSE: ASX] shares were valued at $9.86 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 18.46B which represents -2.28% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
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 9.74 points at the first support level, and at 9.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.94, and for the 2nd resistance point, it is at 10.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ASE Technology Holding Co.Ltd ADR [NYSE:ASX] is 1.17. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 2.28 and price to earnings (TTM) ratio is 21.92.
