In a recent bid ASE Technology Holding Co. Ltd. [ASX] faced a contemporary bid of $4.97 yielding a 3.33% incline where 1.0 million shares have exchanged hands over the last week. ASX amount got a boost by 5.30% or $0.25 versus $4.72 at the end of the prior session. This change led market cap to move at 11.21B, putting the price 56.78% below the 52-week high and -12.81% above the 52-week low. The company’s stock has a normal trading capacity of 1.0 million shares while the relative volume is 0.87.

On 21, July 2020, ASE Technology Holding Joins Apple’s Supplier Clean Energy Program. According to news published on Yahoo Finance, ASE Technology Holding Co., Ltd. (ASE. TAIEX: 3711, NYSE: ASX), announced today that it has joined the Apple Supplier Clean Energy Program. As a leading semiconductor packaging, test and system service provider, ASE is focused on cutting edge manufacturing technologies including System-in-Package (SiP), Heterogeneous Integration (HI), 3D IC, MEMS and sensor, and systems integration that form the backbone of many electronic devices. Semiconductor manufacturing is an energy intensive industry, and ASE is taking bold steps to improve its energy efficiency and steadily shift to greener production.

Analyst Birdseye View:

The most recent analyst activity for ASE Technology Holding Co. Ltd. [NYSE:ASX] stock was on September 04, 2019, when it was Initiated with a Buy rating from Goldman. On August 01, 2019, Macquarie Upgrade an Outperform rating. On May 14, 2019, Cowen Reiterated a Market perform rating and decreased its price target from $31 to $30. On January 02, 2019, Macquarie Downgrade an Underperform rating. On October 10, 2018, JP Morgan Downgrade a Neutral rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.17 and a peak of $5.70. Right now, the middling Wall Street analyst 12-month amount mark is $5.15. At the most recent market close, shares of ASE Technology Holding Co. Ltd. [NYSE:ASX] were valued at $4.97. According to the average price forecast, investors can expect a potential return of -1.55%.

FUNDAMENTAL ANALYSIS

ASE Technology Holding Co. Ltd. [NYSE:ASX] most recently reported quarterly sales of 97.36 billion, which represented growth of 9.60%. This company’s Gross Margin is currently 16.40%, its Operating Margin is 6.30%, its Pretax Margin is +5.59, and its Net Margin is +4.08. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.09, 8.34, 5.65 and 4.64 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 52.35 and the whole liability to whole assets at 39.66. It shows enduring liability to the whole principal at 42.07 and enduring liability to assets at 0.32 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 4.88 points at 1st support level, the second support level is making up to 4.80. But as of 1st resistance point, this stock is sitting at 5.01 and at 5.06 for 2nd resistance point.

ASE Technology Holding Co. Ltd. [ASX] reported its earnings at $0.06 per share in the fiscal quarter closing of 3/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.05/share signifying the difference of 0.01 and 20.00% surprise value. Comparing the previous quarter ending of 12/30/2019, the stated earnings were $0.1 calling estimates for $0.09/share with the difference of 0.01 depicting the surprise of 11.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for ASE Technology Holding Co. Ltd. [NYSE:ASX] is 1.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.42. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.86, it’s amount to book ratio is 1.76 and showing 16.68 of P/E (TTM) ratio.