ASE Technology (NYSE:ASX) & Meta Materials (NASDAQ:MMAT) Critical Analysis

Meta Materials (NASDAQ:MMATGet Rating) and ASE Technology (NYSE:ASXGet Rating) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.

Volatility & Risk

Meta Materials has a beta of 1.51, indicating that its stock price is 51% more volatile than the S&P 500. Comparatively, ASE Technology has a beta of 1.12, indicating that its stock price is 12% more volatile than the S&P 500.

Valuation and Earnings

This table compares Meta Materials and ASE Technology’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Meta Materials $4.08 million 60.71 -$91.00 million -0.30 -2.29
ASE Technology $20.41 billion 0.56 $2.17 billion $1.19 4.44

ASE Technology has higher revenue and earnings than Meta Materials. Meta Materials is trading at a lower price-to-earnings ratio than ASE Technology, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Meta Materials and ASE Technology’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Meta Materials -877.43% -22.45% -17.75%
ASE Technology 11.80% 27.91% 10.84%

Insider and Institutional Ownership

14.1% of Meta Materials shares are held by institutional investors. Comparatively, 6.6% of ASE Technology shares are held by institutional investors. 17.5% of Meta Materials shares are held by insiders. Comparatively, 22.9% of ASE Technology shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of recent recommendations for Meta Materials and ASE Technology, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Meta Materials 0 0 1 0 3.00
ASE Technology 0 3 0 0 2.00

ASE Technology has a consensus target price of $8.10, suggesting a potential upside of 53.41%. Given ASE Technology’s higher possible upside, analysts clearly believe ASE Technology is more favorable than Meta Materials.

Summary

ASE Technology beats Meta Materials on 8 of the 13 factors compared between the two stocks.

About Meta Materials

(Get Rating)

Meta Materials Inc. invents, designs, develops, and manufactures various functional materials and nanocomposites. Its products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical element; glucoWISE, a non-invasive glucose measurement device; and metaSURFACE, which allows an enhancement in signal to noise ratio of up to 40 times for magnetic resonance imaging scans. The company also develops and produces nano-optic structures and color-shifting foils that are used in authentication and brand protection applications in various markets, including banknotes, secure government documents, and commercial branding, as well as engages in the research, development, and manufacture of smart materials. Its customers are OEM providers in various industries, including aerospace, automotive, consumer electronics, communications, energy, banknote and brand security, and medical devices. The company was formerly known as Torchlight Energy Resources, Inc. and changed its name to Meta Materials Inc. in June 2021. Meta Materials Inc. was incorporated in 2007 and is headquartered in Dartmouth, Canada.

About ASE Technology

(Get Rating)

ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions. The company also provides advanced packages, such as flip chip BGA; heat-spreader FCBGA; flip-chip CSP; hybrid FCCSP; flip chip package in package and package on package (POP); advanced single sided substrate; high-bandwidth POP; fan-out wafer-level packaging; SESUB; and 2.5D silicon interposer. In addition, it offers IC wire bonding packages; system-in-package products (SiP) and modules; and interconnect materials, as well as assembles automotive electronic products. Further, the company provides a range of semiconductor testing services, including front-end engineering testing, wafer probing, logic/mixed-signal/RF module and SiP/MEMS/discrete final testing, and other test-related services, as well as drop shipment services. Additionally, it develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. The company was incorporated in 1984 and is headquartered in Kaohsiung, Taiwan.

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