ASE Technology Holding Co.Ltd ADR [ASX] stock prices are up 0.39% to $10.20 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ASX shares have gain 3.45% over the last week, with a monthly amount glided 4.19%, 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 October 15, 2024, when UBS upgraded its rating to a Buy. Previously, Morgan Stanley upgraded its rating to Overweight on September 16, 2024. On June 25, 2024, downgrade downgraded it’s rating to Equal-Weight. Goldman upgraded its rating to a Buy and increased its price target to $9.20 on July 28, 2023. HSBC Securities downgraded its rating to a Hold but $6.47 remained the price target by the analyst firm on June 28, 2023. China Renaissance downgraded its rating to Hold for this stock on February 10, 2023. In a note dated October 07, 2021, Goldman downgraded an Neutral rating on this stock and revised its target price from $13.30 to $8.10.
The stock price of ASE Technology Holding Co.Ltd ADR [ASX] has been fluctuating between $7.33 and $12.86 over the past year. ASE Technology Holding Co.Ltd ADR [NYSE: ASX] shares were valued at $10.20 at the most recent close of the market.
Analyzing the ASX fundamentals
The ASE Technology Holding Co.Ltd ADR [NYSE:ASX] reported sales of 18.46B for trailing twelve months, representing 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 0.54.
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 9.99 points at the first support level, and at 9.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.56, and for the 2nd resistance point, it is at 10.91.
Ratios To Look Out For
It’s worth pointing out that ASE Technology Holding Co.Ltd ADR [NYSE:ASX]’s Current Ratio is 1.17. Also, the Quick Ratio is 0.90, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 2.36 and price to earnings (TTM) ratio is 22.67.
