$7.69M in average volume shows that ASE Technology Holding Co.Ltd ADR (ASX) is heading in the right direction

Steve Mayer

On Tuesday, ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was 3.18% up from the session before settling in for the closing price of $16.96. A 52-week range for ASX has been $6.94 – $17.27.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 12.80%. When this article was written, the company’s average yearly earnings per share was at 21.82%. With a float of $2.18 billion, this company’s outstanding shares have now reached $2.18 billion.

ASE Technology Holding Co.Ltd ADR (ASX) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward ASE Technology Holding Co.Ltd ADR stocks. The insider ownership of ASE Technology Holding Co.Ltd ADR is 0.00%, while institutional ownership is 7.53%.

ASE Technology Holding Co.Ltd ADR (ASX) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 12/31/2024, it has been observed that the corporation posted 0.13 earnings per share (EPS) during the time that was less than consensus figure (set at 0.15) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 21.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 33.64% during the next five years compared to 12.80% growth over the previous five years of trading.

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

You can see what ASE Technology Holding Co.Ltd ADR (ASX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.50, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.85 in one year’s time.

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

Compared to the last year’s volume of 10.06 million, its volume of 7.92 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 88.77%.

During the past 100 days, ASE Technology Holding Co.Ltd ADR’s (ASX) raw stochastic average was set at 96.31%, which indicates a significant increase from 90.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.29 in the past 14 days, which was higher than the 0.28 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.18, while its 200-day Moving Average is $11.38. Nevertheless, the first resistance level for the watch stands at $17.71 in the near term. At $17.91, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.02. If the price goes on to break the first support level at $17.39, it is likely to go to the next support level at $17.28. Should the price break the second support level, the third support level stands at $17.08.

ASE Technology Holding Co.Ltd ADR (NYSE: ASX) Key Stats

There are 2,218,071K outstanding shares of the company, which has a market capitalization of 38.18 billion. As of now, sales total 18,158 M while income totals 987,460 K. Its latest quarter income was 5,630 M while its last quarter net income were 363,060 K.

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