Stocks of ASE Technology Holding Co.Ltd ADR [ASX] are gaining investors’ attention: here’s why

Stocks of ASE Technology Holding Co.Ltd ADR (NYSE:ASX) traded higher last session on Wall Street, up 4.20% to $8.18.

According to the data, ASE Technology Holding Co.Ltd ADR (NYSE:ASX) has 20 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.11 and a low of $7.63, we find $8.81. Given the previous closing price of $7.85, this indicates a potential upside of 12.23 percent. ASX stock price is now 6.09% away from the 50-day moving average and 6.85% away from the 200-day moving average. The market capitalization of the company currently stands at $17.62B.

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A total of 7 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $9.10 as their price target over the next twelve months.

With the price target enhanced from $6.60 to $9.20, Goldman Upgraded its rating from Neutral to Buy for ASE Technology Holding Co.Ltd ADR (NYSE: ASX).

A total of 0.00% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $7.93 for ASE Technology Holding Co.Ltd ADR (NYSE: ASX). During the past 12 months, ASE Technology Holding Co.Ltd ADR has had a low of $5.73 and a high of $9.03. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 1.21, and a quick ratio of 0.89. The fifty day moving average price for ASX is $7.71 and a two-hundred day moving average price translates $7.66 for the stock.

The latest earnings results from ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was released for Sep, 2023. The net profit margin was 6.34% and return on equity was 13.40% for ASX. The company reported revenue of $4.87 billion for the quarter, compared to $6.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.5 percent.

ASE Technology Holding Co.Ltd ADR(ASX) Company Profile

ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. ASE Technology Holding Co., Ltd. was founded in 1984 and is headquartered in Kaohsiung, Taiwan.

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