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Tuesday, September 29, 2020

Is Now the Time to Invest in ASML Holding N.V. (NASDAQ:ASML)?

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The ASML Holding N.V. (ASML) shares are trading at higher $385.22 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $320.85.

To add more color to this target, the company’s high over the last year is $402.86 and the low is $191.25. Over the last 52 weeks, ASML is down -4.38% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ASML reported a profit of $1.77 billion. ASML Holding N.V. also saw revenues increase to $3.66 billion. In addition, ASML has free cash flow of -$760.31 million as of 06-2020. The company’s EBITDA came in at $1.13 billion which compares well with its peers.

ASML booked profit margins of 21.80%, its Return on Equity (ROE) is 21.60%, and its Return on Assets is 12.10%. All told, it is clear that, ASML needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ASML has a short ratio of 1.82 and outstanding shares of 419.00M.

Company Outlook

ASML has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.83 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 7.04. ASML Holding N.V. ASML also noted assets of $26.76 billion at the end of the last quarter. Investors should also keep an eye on sector updates as ASML has historically followed its peers on positive news.

All told, ASML Holding N.V. ASML has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ASML represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

ASML Holding N.V. ASML is now commanding a market cap of 161.60B and a float of 418.90M. ASML is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ASML stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ASML, either long or short, and we have not been compensated for this article.

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