ASE Technology Holding Co.Ltd ADR (NYSE: ASX) Recovers 17.16% 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 7.11M but it saw 6643868 shares traded in last market. With a market cap of 20.59B USD, the company’s current market price of $9.49 came falling about -2.77 while comparing to the previous closing price of $9.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.86 and as low as $8.10. In the recent trading on the day, stock has struck highest price mark of $9.31 while lowest mark touched by it was $9.565.

Taking a look at 20-day trading activity of ASE Technology Holding Co.Ltd ADR (ASX) gives us an average price of $9.74, while its current price level is -26.21% below from 52-week high level whereas it is 17.16% 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 $9.93 while that of 200 days or SMA-200 reads an average of $10.37. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.88% during that period while stretching the period over a month that increases to 2.40%. 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 41.78 which implies that the stock is in neutral territory.

Over the week, ASX’s stock price is moving -2.77% down while it is -6.69% when we observe its performance for the past one month. Year-to-date it is 0.85% up and over the past year, the stock is showing an upside performance of 11.91%.

Currently, ASE Technology Holding Co.Ltd ADR’s total number of outstanding shares is 2.17B. Company’s return on investment (ROI) stands at 7.28% and return on equity (ROE) at 10.72%. It has a price to earnings ratio (P/E ratio) of 20.73 while having a 13.93 of forward P/E ratio. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 2.10 while price to sale or P/S ratio amounts to 1.11. Its return on asset (ROA) is 4.58% on average.