Recent extremely significant negative changes in fundamentals have impacted Ase Technology Holdings Co (NYSE: ASX): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2023 decreased significantly.
Recent extremely meaningful negative changes in investment behavior have impacted Ase Technology Holdings Co (NYSE: ASX): negative upside/downside volume developed, and its shorter term price trend turned down.
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 exceed the cost of capital, ASX is expected to continue to be a modest Value Builder.
Ase Technology Holdings has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ase Technology Holdings has a slightly positive Power Rating of 63 and a slightly positive Appreciation Score of 65, leading to the Positive Value Trend Rating.
Recent Price Action
Ase Technology Holdings Co (NYSE: ASX) stock declined by -1.2% on 11/7/23. The shares closed at $7.91. The stock has been strong relative to the market over the last nine months and has risen 7.5% during the last week.
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