Wall Street is positive on ASE Technology Holding Co Ltd (ASX). On average, analysts give ASE Technology Holding Co Ltd a Strong Buy rating. The average price target is $5, which means analysts expect the stock to rise by 20.48% over the next twelve months.
That average ranking earns ASE Technology Holding Co Ltd an Analyst Rating of 81, which is better than 81% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.
Investors Observer combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What's Happening With ASE Technology Holding Co Ltd Stock Today?
ASE Technology Holding Co Ltd (ASX) stock is up 1.97% while the S&P 500 is down -1.03% as of 11:28 AM on Thursday, May 21. ASX is up $0.08 from the previous closing price of $4.07 on volume of 693,398 shares. Over the past year the S&P 500 is up 2.97% while ASX is up 6.68%. ASX earned $0.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.7.
