Stocks of ASE Technology Holding Co.Ltd ADR (NYSE:ASX) traded higher last session on Wall Street, down -1.44% to $10.95.
ASX stock price is now 6.62% away from the 50-day moving average and 26.00% away from the 200-day moving average. The market capitalization of the company currently stands at $23.61B.
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With the price target enhanced from $6.60 to $9.20, Goldman Upgraded its rating from Neutral to Buy for ASE Technology Holding Co.Ltd ADR (NYSE: ASX). On June 28, 2023, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $6.47, while ‘China Renaissance’ rates the stock as ‘Hold’
A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, ASE Technology Holding Co.Ltd ADR has had a low of $6.70 and a high of $11.68. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.18, and a quick ratio of 0.89. According to the stock market information, the enterprise value for the company is $24.30B, which is based on a 23.77 price-to-earnings ratio, a 0.82 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for ASX is $10.27 and a two-hundred day moving average price translates $8.69 for the stock.
The latest earnings results from ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $0.13, inline with analysts’ expectations of $0.13. This compares to $0.21 EPS in the same period last year. The net profit margin was 5.47% and return on equity was 10.41% for ASX. The company reported revenue of $5.38 billion for the quarter, compared to $5.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.34 percent. For the current quarter, analysts expect ASX to generate $4.41B in revenue.
