The price of ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares last traded on Wall Street rose 1.52% to $9.99.
ASX stock price is now -5.22% away from the 50-day moving average and -1.03% away from the 200-day moving average. The market capitalization of the company currently stands at $21.56B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On July 28, 2023, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $6.60 to quote $9.20, while ‘HSBC Securities’ 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 $7.25 and a high of $12.86. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.17, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $161417445376, which is based on a 22.20 price-to-earnings ratio, a 0.75 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for ASX is $10.5054 and a two-hundred day moving average price translates $10.10305 for the stock.
The latest earnings results from ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was released for 2024-06-30. The net profit margin was 5.38% and return on equity was 10.87% for ASX. The company reported revenue of $4.33 billion for the quarter, compared to $4.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.46 percent. For the current quarter, analysts expect ASX to generate $5.15B in revenue.
