ASE Technology Holding Co.Ltd ADR (NYSE:ASX) traded at $11.03 at close of the session on Tuesday, February 18 and made an upward move of 1.38% on its previous day’s price.
ASE Technology Holding Co.Ltd ADR has a market cap of $23.95 billion and is expected to release its quarterly earnings report in March. With its Forward Dividend at 0.32 and a yield of 2.87%, the company’s investors could be anxious for the ASX stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 143.62B, with a low of 140.63B and a high of 147.6B. The median projection represents growth squeezing down to 8.14% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 666.15B, or 11.88% up from figures reported last year.
On the other hand, looking at the outlook for the ASX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the ASE Technology Holding Co.Ltd ADR (ASX) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 6.57% off its SMA20 and 7.36% from its 50-day simple moving average. The RSI (14) is pointing at 64.71 while the volatility over the past week is 2.23% and jumps to 2.67% over the past one month. The beta value is 1.23, while the average true range (ATR) is currently pointing at 0.32.
