With 2.17B Outstanding Shares, Can ASE Technology Holding Co.Ltd ADR (NYSE: ASX) Deliver Big Short-Term Gains?

ASE Technology Holding Co.Ltd ADR (NYSE:ASX) currently has a daily average trading volume of 7.28M but it saw 10427412 shares traded in last market. With a market cap of 23.34B USD, the company’s current market price of $10.76 came falling about -0.92 while comparing to the previous closing price of $10.86. 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 $10.67 while lowest mark touched by it was $10.8.

Taking a look at 20-day trading activity of ASE Technology Holding Co.Ltd ADR (ASX) gives us an average price of $10.21, while its current price level is -16.33% below from 52-week high level whereas it is 32.84% 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 $9.98 while that of 200 days or SMA-200 reads an average of $10.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.20% during that period while stretching the period over a month that increases to 2.30%. 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 62.19 which implies that the stock is in neutral territory.

Over the week, ASX’s stock price is moving 6.85% up while it is 5.59% when we observe its performance for the past one month. Year-to-date it is 6.85% up and over the past year, the stock is showing an upside performance of 22.27%.

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 23.50 while having a 16.06 of forward P/E ratio. Stock’s beta reads 1.19. Stock has a price to book (P/B) ratio of 2.38 while price to sale or P/S ratio amounts to 1.26. Its return on asset (ROA) is 4.58% on average.