ASE Technology Holding Co.Ltd ADR (NYSE: ASX) Recovers 41.47% From 52-Week Low, Is ASX Still A High-Risk, High-Reward Play?

ASE Technology Holding Co.Ltd ADR (NYSE:ASX) currently has a daily average trading volume of 8.81M but it saw 6860324 shares traded in last market. With a market cap of 22.47B USD, the company’s current market price of $10.37 came rising about 1.67 while comparing to the previous closing price of $10.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.86 and as low as $7.33. In the recent trading on the day, stock has struck highest price mark of $10.35 while lowest mark touched by it was $10.54.

Taking a look at 20-day trading activity of ASE Technology Holding Co.Ltd ADR (ASX) gives us an average price of $9.97, while its current price level is -19.36% below from 52-week high level whereas it is 41.47% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.74 while that of 200 days or SMA-200 reads an average of $10.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.80% during that period while stretching the period over a month that decreases to 2.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.44 which implies that the stock is in neutral territory.

Over the week, ASX’s stock price is moving 5.39% up while it is 6.14% when we observe its performance for the past one month. Year-to-date it is 10.20% up and over the past year, the stock is showing an upside performance of 30.60%.

Currently, ASE Technology Holding Co.Ltd ADR’s total number of outstanding shares is 2.17B. Company’s return on investment (ROI) stands at 7.76% and return on equity (ROE) at 10.87%. It has a price to earnings ratio (P/E ratio) of 23.05 while having a 14.01 of forward P/E ratio. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 2.40 while price to sale or P/S ratio amounts to 1.22. Its return on asset (ROA) is 4.66% on average.