Goldman lowered the price target for the ASE Technology Holding Co. Ltd. (NYSE:ASX) stock from “a Buy” to “a Neutral”. The rating was released on October 07, 2021, according to finviz.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of ASE Technology Holding Co. Ltd. (NYSE:ASX) raised 1.06% to close Monday’s market session at $6.70, higher as compared to yesterday’s close. The stock price fluctuated between $6.58 and $6.72 throughout the trading session with the volume trading being 5702257 shares, which represented a significant variation when compared to the three months average volume of 7.11 million shares. The firm’s stock price fluctuated 3.08% within the last five trades and 0.60% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -12.53% in the last 6 months and -8.72% was subtracted to its value over the previous 3 months. ASX stock is trading at a margin of 2.67%, -2.36% and -10.83% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ASX deals in the Technology domain. The stock is trading -30.35 percent below its 52-week high and 8.50 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -18.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does ASE Technology Holding Co. Ltd.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $14.13 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for ASE Technology Holding Co. Ltd. (NYSE:ASX) is 6.78. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.28. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.74 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.06, which equates the market value of a stock with its book value.