ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares, rose in value on Thursday, February 13, with the stock price up by 5.57% to the previous day’s close as strong demand from buyers drove the stock to $10.81.
Actively observing the price movement in the last trading, the stock closed the session at $10.24. The PE ratio was 23.61 over 12-month period. Referring to stock’s 52-week performance, its high was $12.86, and the low was $8.10. On the whole, ASX has fluctuated by 6.50% over the past month.
With the market capitalization of ASE Technology Holding Co.Ltd ADR currently standing at about $23.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 2.93%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 669.66B, with a low estimate of 140.63B and a high estimate of 144.99B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 142.69B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ASX currently trading nearly 4.89% and 5.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.33, while the 7-day volatility ratio is showing 2.07% which for the 30-day chart, stands at 2.62%. Furthermore, ASE Technology Holding Co.Ltd ADR (ASX)’s beta value is 1.23, and its average true range (ATR) is 0.32.
A comparison of ASE Technology Holding Co.Ltd ADR (ASX) with its peers suggests the former has fared considerably weaker in the market. ASX showed an intraday change of 5.57% in last session, and over the past year, it grew by 12.84%%.
Data on historical trading for ASE Technology Holding Co.Ltd ADR (NYSE:ASX) indicates that the trading volumes over the past 3 months, they’ve averaged 8.54 million. According to company’s latest data on outstanding shares, there are 2.17 billion shares outstanding.
Nearly 0.00% of ASE Technology Holding Co.Ltd ADR’s shares belong to company insiders and institutional investors own 7.46% of the company’s shares. The stock has risen by 7.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASX stock heading into the next quarter.
