ASE Technology Holding Co. Ltd. (NYSE:ASX) traded at $6.45 at close of the session on Tuesday, 11/22/22, made an upward move of 2.87% on its previous day’s price.
Looking at the stock we see that its previous close was $6.27 and the beta (5Y monthly) reads 1.23 with the day’s price range being $6.34 – $6.46. The company has a trailing 12-month PE ratio of 5.66. In terms of its 52-week price range, ASX has a high of $8.15 and a low of $4.45. The company’s stock has gained about 25.98% over that past 30 days.
ASE Technology Holding Co. Ltd. has a market cap of $13.37 billion. With its Forward Dividend at 0.47 and a yield of 7.24%, the company’s investors could be anxious for the ASX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.22, with the EPS growth for the year raised at $0.92 for 2022 and $0.86 for next year. These figures represent -10.70% and -6.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.96 billion, with a low of $5.6 billion and a high of $6.32 billion. The median projection represents growth adding up to -4.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $22.02 billion, or 8.10% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ASX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the ASX stock currently stands at 0.17, and the current price level is 13.98% off its SMA20 and 20.21% from its 50-day simple moving average. The RSI (14) is pointing at 68.86 while the volatility over the past week is 2.33% and jumps to 3.27% over the past one month. The beta value is 1.15, while the average true range (ATR) is currently pointing at 0.21.
Coming back to ASE Technology Holding Co. Ltd. (NYSE:ASX), we note that the average 3-month trading volume was 9.38 million, while that of the preceding 10-day period stands at 10.77 million. Current shares outstanding are 2.17 billion.
The institutions hold 7.10%. The data shows that short shares as of Oct 13, 2022, stood at 7.24 million at a short ratio of 0.66. This represents a 0.34% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 7.92 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -17.41% down in year-to-date price movement.