ASE Technology Holding Co., Ltd. (ASX) Stock: Here’s Why It’s Gaining

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ASE Technology Holding Co., Ltd. (ASX) is trending up in the market in today’s trading session. The stock, one that is focused in the technology sector, is currently priced at $4.84 after climbing 0.00% so far today. When it comes to technology companies, there are several aspects that have the ability to cause gains in the market. One of the most common is news. Here are the most recent trending headlines surrounding ASX:

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Apr-16-19 02:31PM Did Hedge Funds Drop The Ball On ASE Technology Holding Co., Ltd. (ASX) ?
Apr-10-19 03:23AM BRIEF-ASE Technology Holding Says March Sales T$29.6 Billion
03:00AM ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*
Apr-01-19 08:59AM Synaptics (SYNA) in Focus: Stock Moves 5.4% Higher
Mar-26-19 09:10AM Should Value Investors Buy ASE Technology Hldg (ASX) Stock?

Nonetheless, any time investors are making an investing decision, investors should look into far more than just news, this is especially the case in the ever changing technology industry. Here’s what’s happening in regard to ASE Technology Holding Co., Ltd..

Recent Movement Out of ASX

While a move toward the top in a single session, like the move that we’re seeing from ASE Technology Holding Co., Ltd. may make some investors jump for joy, a single session move alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always important to take a look at trends further out than a single trading session. In the case of ASX, below are the trends that we have seen:

  • Weekly – Throughout the last 5 trading sessions, ASX has produced a change in value amounting to 5.68%.
  • Monthly – The ROI from ASE Technology Holding Co., Ltd. throughout the last 30 days has been 20.40%.
  • Past Quarter – Throughout the last quarter, the company has generated a return that works out to 28.72%
  • Past Six Months – Throughout the last 6 months, we have seen a performance that equates to 16.91% from the stock.
  • YTD – Since the the last trading session of last year ASX has resulted in a return of 29.07%.
  • Annually – Finally, over the past year, investors have seen a change in the amount of 0 from ASX. Throughout this period of time, the stock has traded at a high price of -37.45% and a low of 39.88%.

Rations That You Should Think About

Digging into a few key ratios associated with a company can give prospective traders a look of how dangerous and/or potentially profitable a stock pick may be. Below are a few of the most important ratios to think about when digging into ASX.

Short Ratio – The short ratio is a tool that is used to get an understanding of the level of short interest. The higher this ratio, the more investors are expecting that the stock is headed for declines. Across the sector, strong technology stocks can have a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, in regard to ASE Technology Holding Co., Ltd., it’s short ratio is 1.73.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure If a company is able to cover its debts as they mature using current assets or quick assets. Because in tech, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can seem bad. Nonetheless, quite a few better companies in the technology sector come with strong quick and current ratios. As far as ASX, the quick and current ratios add up to 1.00 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price of the stock. In this case, the book to share value ratio is 3.10.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio comes to 0.99.

What Institutions And Insiders Think Of ASE Technology Holding Co., Ltd.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ASX, here’s what we’re seeing:

Institutions own 5.70% of the company. Institutional interest has moved by 0.03% over the past three months. When it comes to insiders, those who are close to the company currently own 0 percent of ASX shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Think About ASE Technology Holding Co., Ltd.

Although it’s rarely a smart idea to blindly follow the opinions of analysts, it is a good idea to use their thoughts when validating your own thoughts when it comes to making an investment decision in the tech sector. Here are the recent moves that we’ve seen from analysts when it comes to ASX.

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Jan-02-19 Downgrade Macquarie Neutral → Underperform
Oct-10-18 Downgrade JP Morgan Overweight → Neutral

What We’ve Seen In Financial Results

What have ween seen from ASX in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, Wall Street analysts are expecting that ASX will create EPS of 0, with 0.06 to be reported in the earnings report for the current quarter. Although this is not tide to earnings, since we’re talking about Wall Street analysts, ASE Technology Holding Co., Ltd. is presently rated a 2.00 when rated on a scale from 1 to 5 on which 1 is the worst average Wall Street analyst grade and 5 is the best possible.
  • 5-Year Sales – Over the last half decade, ASE Technology Holding Co., Ltd. has generated a change in sales volume that works out to 0. Earnings in the past half decade have experienced movement in the amount of 0.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is often referred to as in today’s society, ASE Technology Holding Co., Ltd. has created a earnings change by -11.10%. ASE Technology Holding Co., Ltd. has also moved the needle when it comes to revenue in the amount of 35.80%.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 2.15B shares of ASE Technology Holding Co., Ltd. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ASX has a float of 1.52B.

I also like to take a look at the short percentage of the float. Think about it, when a high percentage of the float available for trading is sold short, the overall opinion in the market is that the equity is going to lose value. With regard to ASX, the percentage of the float that is sold short is 0.07%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. In my research, I’ve found that a short percent of the float over 26% is usually a a play that could prove to be very risky.

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