10 Worst Affordable Stocks to Buy Under $10

2. ASE Technology Holding Co., Ltd. (NYSE:ASX)

Price: $9.76

Forward P/E Ratio: 13.66

Earnings Growth This Year: 60.03%

Number of Hedge Fund Holders: 17

ASE Technology Holding Co., Ltd. (NYSE:ASX) is a Taiwan-based company specializing in semiconductor assembly, testing, and packaging services. It operates through three main business areas including Packaging and Testing Services, Electronic Manufacturing Services, and Investment Business.

During the fiscal fourth quarter of 2024, ASE Technology Holding Co., Ltd. (NYSE:ASX) delivered NT$162,264 million in revenue indicating a slight increase of 1% year-over-year. In addition, the net income decreased during the same time to NT$9,312 million. While the ATM segment of the company grew 7.8% as compared to the last year, however, the EMS segment led the overall progress down by declining 5.4%. It ranks as one of the worst affordable stocks to buy under $10.

Regardless of the short-term challenges management provided its guidance for Q1 2025 and the full year, reflecting strategic expectations. It expects ATM Revenue to grow next year by mid-single digits, driven by increasing demand for advanced packaging and testing services, particularly in leading-edge technologies. Moreover, the gross profit margin for the segment is also expected to recover to the structural target range of 24% to 30%, supported by ramping up leading-edge capacity in the latter half of the year.