The trading price of Himax Technologies ADR (NASDAQ:HIMX) closed lower on Friday, December 27, and closing at $7.96, -1.97% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $7.91 and $8.246. The company’s P/E ratio in the trailing 12-month period was 17.66, while its 5Y monthly beta was 2.154. In examining the 52-week price action we see that the stock hit a 52-week high of $9.80 and a 52-week low of $4.80. Over the past month, the stock has gained 52.20% in value.
Himax Technologies ADR, whose market valuation is $1.39 billion at the time of this writing, is expected to release its quarterly earnings report in January. The dividend yield on the company stock is 3.64%, while its Forward Dividend ratio is 0.29. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.1 per share this quarter, however they have predicted annual earnings per share of 0.42 for current year and 0.58 for next year.
Analysts have forecast the company to bring in revenue of 221.09M for the current quarter, with the likely lows of 220.17M and highs of 222M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 890.87M.
On the technical side, indicators suggest HIMX has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HIMX a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Himax Technologies ADR (HIMX) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HIMX’s price is currently 9.88% off the SMA20 and 25.76% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.17, and weekly volatility stands at 4.39%. When measured over the past 30 days, the indicator reaches 8.34%. Himax Technologies ADR (NASDAQ:HIMX)’s beta value is currently sitting at 2.07, while the Average True Range indicator is currently displaying 0.50.
To see how Himax Technologies ADR stock has been performing in comparison to its peers in the industry, here are the numbers: HIMX stock’s performance was -1.97% in the latest trading, and 29.43% in the past year. Himax Technologies ADR has a P/E ratio of 17.66.
An evaluation of the daily trading volume of Himax Technologies ADR (NASDAQ:HIMX) indicates that the 3-month average is 1.39 million. However, this figure has increased over the past 10 days to an average of 2.52.
Currently, records show that 174.70 million of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 17.38%. The stats also highlight that short interest as of 2024-12-13, stood at 6.56 million shares, resulting in a short ratio of 3.12 at that time. From this, we can conclude that short interest is 496.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 6.42 million. However, since the stock’s price has seen 31.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
