ASML (ASML) Moving On Heavy Pre-Market Trading
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified ASML as such a stock due to the following factors:
- ASML has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $87.6 million.
- ASML traded 141,591 shares today in the pre-market hours as of 9:06 AM, representing 16.6% of its average daily volume.
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More details on ASML:
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems with a focus on lithography related systems primarily in the Netherlands, the United States, and Asia. The stock currently has a dividend yield of 1%. Currently there are 5 analysts that rate ASML a buy, 1 analyst rates it a sell, and 5 rate it a hold.
The average volume for ASML has been 797,500 shares per day over the past 30 days. ASML has a market cap of $43.3 billion and is part of the technology sector and electronics industry. Shares are up 16% year-to-date as of the close of trading on Thursday.
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Analysis:
rates ASML as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- ASML's debt-to-equity ratio is very low at 0.14 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.34, which illustrates the ability to avoid short-term cash problems.
- ASML HOLDING NV's earnings per share declined by 48.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ASML HOLDING NV increased its bottom line by earning $3.46 versus $3.27 in the prior year. This year, the market expects an improvement in earnings ($3.50 versus $3.46).
- 48.76% is the gross profit margin for ASML HOLDING NV which we consider to be strong. Regardless of ASML's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, ASML's net profit margin of 14.85% compares favorably to the industry average.
- ASML, with its decline in revenue, underperformed when compared the industry average of 5.9%. Since the same quarter one year prior, revenues fell by 14.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- After a year of stock price fluctuations, the net result is that ASML's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Looking ahead, although the push and pull of the overall market trend could certainly make a critical difference, we do not see any strong reason stemming from the company's fundamentals that would cause a continuation of last year's decline. In fact, the stock is now selling for less than others in its industry in relation to its current earnings.
- You can view the full ASML Ratings Report.
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