(ASX) ASE Industrial Holding - Ratings and Ratios

ASE Industrial Holding Co Ltd ADR (NYSE:ASX) is a leading provider of semiconductor packaging and testing services, as well as electronic manufacturing services, operating globally across the United States, Taiwan, Asia, Europe, and other international markets. The companys diverse business portfolio extends beyond its core semiconductor services to include real estate development, substrate production, information software, equipment leasing, investment advisory, and warehousing management, among other ancillary services.

With a founding history dating back to 1984 and headquartered in Kaohsiung, Taiwan, ASE Technology Holding Co., Ltd. has established itself as a significant player in the semiconductor industry. Its operational footprint is complemented by its ability to import and export goods and technology, facilitating a broad reach into various markets. The companys official website (https://www.aseglobal.com) serves as a resource for detailed information on its operations and services.

From a market perspective, ASX is categorized under the Semiconductors GICS Sub Industry, with a current market capitalization of $21.534 billion USD. The stocks valuation metrics indicate a P/E ratio of 19.82 and a forward P/E of 12.30, suggesting potential for growth as earnings are expected to improve. The Return on Equity (RoE) stands at 11.01%, indicating a respectable level of profitability in relation to shareholder equity.

Analyzing the technical data, the stock is currently priced at $9.48, slightly below its 20-day Simple Moving Average (SMA) of $9.66, but above its 50-day SMA of $9.01, indicating a potential bullish crossover. The 200-day SMA is at $9.77, and the stocks price in relation to these averages suggests a cautiously optimistic outlook. The Average True Range (ATR) is 0.27, representing a 2.81% daily volatility, which is relatively moderate. Given the 52-week high of $12.50 and low of $7.42, the stock is currently near the middle of its annual trading range.

Forecasting the stocks trajectory based on both technical and fundamental data, a potential upward trend could be anticipated if the stock maintains its position above the 50-day SMA and successfully breaches the 20-day SMA resistance. Furthermore, with a forward P/E of 12.30, which is lower than the current P/E, there is an expectation of earnings growth, which could positively impact the stock price. Therefore, it is plausible that ASX could see a rise towards its 52-week high, potentially challenging the $12.50 mark, if the companys future earnings reports align with market expectations and the overall semiconductor industry continues to grow.