Ase Technology Holdings Co (NYSE: ASX) suffers from important negative changes in fundamentals: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected Ase Technology Holdings Co (NYSE: ASX): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ASX is expected to continue to be a Value Builder.
Ase Technology Holdings has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ase Technology Holdings has a neutral Appreciation Score of 51 but a good Power Rating of 77, producing the Positive Value Trend Rating.
Recent Price Action
Ase Technology Holdings Co (NYSE: ASX) stock closed at $10.30 on 5/13/24 after a decline of -2.1%. However, unusually low trading volume at 56% of normal accompanied the decline. The stock has declined -2.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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