At the time of writing, ASE Technology Holding Co.Ltd ADR [ASX] stock is trading at $11.02, up 0.55%. 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 8.57% over the last week, with a monthly amount glided 11.88%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of ASE Technology Holding Co.Ltd ADR fluctuated between $8.10 and $12.86. ASE Technology Holding Co.Ltd ADR [NYSE: ASX] shares were valued at $11.02 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 18.55B for trailing twelve months, which represents an 1.85% jump. 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 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.
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 10.94 points at the first support level, and at 10.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.16, and for the 2nd resistance point, it is at 11.30.
Ratios To Look Out For
It is important to note that ASE Technology Holding Co.Ltd ADR [NYSE:ASX] has a current ratio of 1.18. As well, the Quick Ratio is 0.89, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 2.44 and price to earnings (TTM) ratio is 24.07.
