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ASE Technology Hldg (ASX) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, ASE Technology Hldg (ASX - Free Report) closed at $7.53, marking a -1.7% move from the previous day. This move lagged the S&P 500's daily gain of 1.3%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 7.48%.
Prior to today's trading, shares of the integrated circuit maker had gained 7.89% over the past month. This has outpaced the Computer and Technology sector's gain of 2.79% and the S&P 500's loss of 2.95% in that time.
Wall Street will be looking for positivity from ASE Technology Hldg as it approaches its next earnings report date.
Any recent changes to analyst estimates for ASE Technology Hldg should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ASE Technology Hldg is currently a Zacks Rank #1 (Strong Buy).
Investors should also note ASE Technology Hldg's current valuation metrics, including its Forward P/E ratio of 9.34. This valuation marks a discount compared to its industry's average Forward P/E of 18.75.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ASE Technology Hldg (ASX) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, ASE Technology Hldg (ASX - Free Report) closed at $7.53, marking a -1.7% move from the previous day. This move lagged the S&P 500's daily gain of 1.3%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 7.48%.
Prior to today's trading, shares of the integrated circuit maker had gained 7.89% over the past month. This has outpaced the Computer and Technology sector's gain of 2.79% and the S&P 500's loss of 2.95% in that time.
Wall Street will be looking for positivity from ASE Technology Hldg as it approaches its next earnings report date.
Any recent changes to analyst estimates for ASE Technology Hldg should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ASE Technology Hldg is currently a Zacks Rank #1 (Strong Buy).
Investors should also note ASE Technology Hldg's current valuation metrics, including its Forward P/E ratio of 9.34. This valuation marks a discount compared to its industry's average Forward P/E of 18.75.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.