ASE Technology Holding Co. Ltd. (ASX) latest performance of -0.82% is not what was on cards

ASE Technology Holding Co. Ltd. (NYSE: ASX) open the trading on May 24, 2023, with a bit cautious approach as it glided -0.82% to $7.29. During the day, the stock rose to $7.30 and sunk to $7.22 before settling in for the price of $7.35 at the close. Taking a more long-term approach, ASX posted a 52-week range of $4.45-$7.97.

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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 18.20%. Meanwhile, its Annual Earning per share during the time was 21.20%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -1.90%. This publicly-traded company’s shares outstanding now amounts to $2.14 billion, simultaneously with a float of $1.51 billion. The organization now has a market capitalization sitting at $15.32 billion. At the time of writing, stock’s 50-day Moving Average stood at $7.31, while the 200-day Moving Average is $6.53.

If we measure the efficiency of the company that is accounted for 94172 employees. For the Profitability, stocks gross margin was +19.52, operating margin was +12.12 and Pretax Margin of +12.00.

ASE Technology Holding Co. Ltd. (ASX) Earnings and Revenue Records

So, what does the last quarter earnings report of the company that was made public on 3/30/2023 suggests? It has posted $0.09 earnings per share (EPS) beating the forecaster’s viewpoint (set at $0.07) by $0.02. This company achieved a net margin of +9.26 while generating a return on equity of 22.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.

ASE Technology Holding Co. Ltd.’s EPS decrease for this current 12-month fiscal period is -1.90% and is forecasted to reach 0.87 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -3.70% through the next 5 years, which can be compared against the 21.20% growth it accomplished over the previous five years trading on the market.

ASE Technology Holding Co. Ltd. (NYSE: ASX) Trading Performance Indicators

Let’s observe the current performance indicators for ASE Technology Holding Co. Ltd. (ASX). It’s Quick Ratio in the last reported quarter now stands at 0.80. The Stock has managed to achieve an average true range (ATR) of 0.14. Alongside those numbers, its PE Ratio stands at $8.78, and its Beta score is 1.25. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.72.

In the same vein, ASX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.83, a figure that is expected to reach 0.09 in the next quarter, and analysts are predicting that it will be 0.87 at the market close of one year from today.

Technical Analysis of ASE Technology Holding Co. Ltd. (ASX)

[ASE Technology Holding Co. Ltd., ASX] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 82.56% While, its Average True Range was 0.14.

Raw Stochastic average of ASE Technology Holding Co. Ltd. (ASX) in the period of the previous 100 days is set at 61.58%, which indicates a major fall in contrast to 70.77% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 25.81% that was lower than 28.28% volatility it exhibited in the past 100-days period.