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ASE Technology Hldg (ASX) Dips More Than Broader Markets: What You Should Know
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ASE Technology Hldg (ASX - Free Report) closed the most recent trading day at $8.85, moving -1.01% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the integrated circuit maker had gained 19.68% over the past month, outpacing the Computer and Technology sector's gain of 12.92% and the S&P 500's gain of 7.18% in that time.
Investors will be hoping for strength from ASE Technology Hldg as it approaches its next earnings release.
Any recent changes to analyst estimates for ASE Technology Hldg should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ASE Technology Hldg is currently a Zacks Rank #4 (Sell).
In terms of valuation, ASE Technology Hldg is currently trading at a Forward P/E ratio of 13.97. This valuation marks a discount compared to its industry's average Forward P/E of 27.73.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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) Dips More Than Broader Markets: What You Should Know
ASE Technology Hldg (ASX - Free Report) closed the most recent trading day at $8.85, moving -1.01% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the integrated circuit maker had gained 19.68% over the past month, outpacing the Computer and Technology sector's gain of 12.92% and the S&P 500's gain of 7.18% in that time.
Investors will be hoping for strength from ASE Technology Hldg as it approaches its next earnings release.
Any recent changes to analyst estimates for ASE Technology Hldg should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ASE Technology Hldg is currently a Zacks Rank #4 (Sell).
In terms of valuation, ASE Technology Hldg is currently trading at a Forward P/E ratio of 13.97. This valuation marks a discount compared to its industry's average Forward P/E of 27.73.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.