In last trading session, ASE Technology Holding Co.Ltd ADR (NYSE:ASX) saw 5.25 million shares changing hands with its beta currently measuring 1.27. Company’s recent per share price level of $11.23 trading at -$0.12 or -1.06% at ring of the bell on the day assigns it a market valuation of $24.21B. That closing price of ASX’s stock is at a discount of -4.01% from its 52-week high price of $11.68 and is indicating a premium of 40.34% from its 52-week low price of $6.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.5 million shares which gives us an average trading volume of 6.15 million if we extend that period to 3-months.
ASE Technology Holding Co.Ltd ADR (NYSE:ASX) trade information
Upright in the red during last session for losing -1.06%, in the last five days ASX remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $11.23 price level, adding 2.6% to its value on the day. ASE Technology Holding Co.Ltd ADR’s shares saw a change of 19.34% in year-to-date performance and have moved 3.89% in past 5-day. ASE Technology Holding Co.Ltd ADR (NYSE:ASX) showed a performance of 12.98% in past 30-days. Number of shares sold short was 8.71 million shares which calculate 1.48 days to cover the short interests.
ASE Technology Holding Co.Ltd ADR (ASX) estimates and forecasts
Statistics highlight that ASE Technology Holding Co.Ltd ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 51.55% of value to its shares in past 6 months, showing an annual growth rate of 45.65% while that of industry is 1.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.20% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.41 billion for the same. And 2 analysts are in estimates of company making revenue of $4.61 billion in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.72% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 32.53% while estimates for its earnings growth in next 5 years are of -2.80%.
ASX Dividends
ASE Technology Holding Co.Ltd ADR is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
ASE Technology Holding Co.Ltd ADR (NYSE:ASX)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 7.05 percent of that, with stock having share float percentage of 7.05%. Investors also watch the number of corporate investors in a company very closely, which is 7.05% institutions for ASE Technology Holding Co.Ltd ADR that are currently holding shares of the company. Lazard Asset Management LLC is the top institutional holder at ASX for having 20.72 million shares of worth $232.74 million. And as of Dec 30, 2023, it was holding 0.94% of the company’s outstanding shares.
The second largest institutional holder is Fisher Asset Management, LLC, which was holding about 17.34 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 0.79% of outstanding shares, having a total worth of $194.76 million.
On the other hand, iShares Semiconductor ETF and Direxion Shares ETF Tr-Direxion Daily Semiconductor Bull 3X Shares are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 7.06 million shares of worth $79.3 million or 0.32% of the total outstanding shares. The later fund manager was in possession of 4.24 million shares on Jan 30, 2024, making its stake of worth around $47.56 million in the company or a holder of 0.19% of company’s stock.
