Himax Technologies ADR (NASDAQ:HIMX) traded at $8.59 at close of the session on Friday, December 13 and made a downward move of -11.59% on its previous day’s price.
Looking at the stock we see that its previous close was $9.71 and the beta (5Y monthly) reads 2.154 with the day’s price range being $8.1 – $9.53. The company has a trailing 12-month PE ratio of 19.04. In terms of its 52-week price range, HIMX has a high of $9.80 and a low of $4.80. The company’s stock has gained about 60.17% over that past 30 days.
Himax Technologies ADR has a market cap of $1.50 billion and is expected to release its quarterly earnings report in January. With its Forward Dividend at 0.29 and a yield of 3.38%, the company’s investors could be anxious for the HIMX stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 221.09M, with a low of 220.17M and a high of 222M. The median projection represents growth adding up to -2.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 890.87M, or -5.77% down from figures reported last year.
On the other hand, looking at the outlook for the HIMX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Himax Technologies ADR (HIMX) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 41.97% off its SMA20 and 43.01% from its 50-day simple moving average. The RSI (14) is pointing at 71.13 while the volatility over the past week is 16.48% and jumps to 7.04% over the past one month. The beta value is 2.06, while the average true range (ATR) is currently pointing at 0.57.
Coming back to Himax Technologies ADR (NASDAQ:HIMX), we note that the average 3-month trading volume was 1.10 million, while that of the preceding 10-day period stands at 3.8 million. Current shares outstanding are 174.70 million.
The insiders hold 0.00% of the company’s shares while institutions hold 17.38%. The data shows that short shares as of 2024-11-29, stood at 6.43 million at a short ratio of 9.03. This represents a 486.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 6.42 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 41.43% up in year-to-date price movement.
