Himax Technologies ADR (NASDAQ:HIMX) does about 1.34M shares in volume on a normal day but saw 1852284 shares change hands in the recent trading day. The company now has a market cap of 1.40B USD. Its current market price is $8.02, marking an increase of 3.89% compared to the previous close of $7.72. The 52 week high reached by this stock is $9.80 whilst the lowest price level in 52 weeks is $4.80.
Himax Technologies ADR (HIMX) has a 20-day trading average at $6.82 and the current price is -18.16% off the 52-week high compared with 67.08% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.22 and its 200-day simple moving average is $6.16. If we look at the stock’s price movements over the week, volatility stands at 6.31%, which increases to 8.28% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.83 to suggest the stock is neutral.
The consensus objective for the share price is $10.50, suggesting that the stock has a potential upside of 23.62% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 11, 2023 when Credit Suisse upgraded the stock to “Outperform” and issued a price target of $8. Credit Suisse downgraded the stock to “Neutral” from Outperform on July 14, 2022 at a price target of $7. Nomura downgraded its price target at $11.
The current price level is 17.56%, 28.89%, and 30.27% away from its SMA20, SMA50, and SMA200 respectively, with the HIMX price moving below the 50-day SMA on current market day. Himax Technologies ADR (HIMX) stock is down -1.60% over the week and 53.05% over the past month. Its price is 32.13% year-to-date and 32.34% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.1 and 0.42 for whole year. Expected sales for next quarter are $200.7M, which analysts say will come at $890.87M for the current fiscal year and next year at $928.27M. In addition, estimates put the company’s current quarterly revenue at an average of $221.09M.
To reach the target analysts have set, the stock logically needs to grow 23.62 percent from here.
Outstanding shares total 174.70M with insiders holding 30.93% of the shares and institutional holders owning 18.26% of the company’s common stock. The company has a return on investment of 8.81% and return on equity of 9.27%. The price to earnings ratio (P/E ratio) amounts to 17.79 while the forward price to earnings ratio is 21.81. The beta has a value of 2.03. Price to book ratio is 1.62 and price to sales ratio is 1.56.
