With 8.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.28 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $9.83 whereas the lowest price it dropped to was $9.625. The 52-week range on ASX shows that it touched its highest point at $12.86 and its lowest point at $8.10 during that stretch. It currently has a 1-year price target of $9.10. With its current market cap of 21.28 billion, ASX has annualized dividend of $0.32 while the current yield stands at 3.22%. ASX paid its most recent dividend on 1719878400, while the ex-dividend date for that was 1719878400. Beta for the stock currently stands at 1.24.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASX was up-trending over the past week, with a rise of 2.29%, but this was down by -3.25% over a month. Three-month performance dropped to -1.01% while six-month performance fell -10.74%. The stock gained 14.34% in the past year, while it has gained 4.25% so far this year. A look at the trailing 12-month EPS for ASX yields 0.46 with Next year EPS estimates of 0.68. For the next quarter, that number is 0.13. This implies an EPS growth rate of 1.53% for this year and 46.56% for next year. EPS is expected to grow by 30.89% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.72%.
Float and Shares Shorts:
At present, 2.17 billion ASX shares are outstanding with a float of 2.17 billion shares on hand for trading. On 2024-10-31, short shares totaled 11.93 million, which was 54.99999999999999 higher than short shares on 1727654400. In addition to Mr. Hung-Pen Chang as the firm’s Vice Chairman, GM & President, Mr. Joseph Tung serves as its Group CFO.
Institutional Ownership:
Through their ownership of 0.07558 of ASX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ASX reported revenue of $160105000000.0 and operating income of $11476000000.0. The EBITDA in the recently reported quarter was $27641000000.0 and diluted EPS was $4.34.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASX since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASX analysts setting a high price target of 13.0 and a low target of 11.93846, the average target price over the next 12 months is 12.44615. Based on these targets, ASX could surge 32.52% to reach the target high and rise by 21.7% to reach the target low. Reaching the average price target will result in a growth of 26.87% from current levels.
Analysts have provided yearly estimates in a range of $15.64956 being high and $13.82793 being low. For ASX, this leads to a yearly average estimate of $14.43654. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.11.
