Himax Technologies ADR (NASDAQ:HIMX) shares, rose in value on Tuesday, December 31, with the stock price down by -0.99% to the previous day’s close as strong demand from buyers drove the stock to $8.04.
Actively observing the price movement in the last trading, the stock closed the session at $8.12, falling within a range of $7.95 and $8.4. The value of beta (5-year monthly) was 2.154 whereas the PE ratio was 17.83 over 12-month period. Referring to stock’s 52-week performance, its high was $9.80, and the low was $4.80. On the whole, HIMX has fluctuated by 48.89% over the past month.
With the market capitalization of Himax Technologies ADR currently standing at about $1.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.29, with its dividend yield at 3.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 890.87M, with a low estimate of 220.17M and a high estimate of 222M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 221.09M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HIMX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of HIMX currently trading nearly 7.07% and 25.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.41, while the 7-day volatility ratio is showing 4.27% which for the 30-day chart, stands at 8.31%. Furthermore, Himax Technologies ADR (HIMX)’s beta value is 2.00, and its average true range (ATR) is 0.49.
A comparison of Himax Technologies ADR (HIMX) with its peers suggests the former has fared considerably weaker in the market. HIMX showed an intraday change of -0.99% in last session, and over the past year, it grew by 32.45%%.
Data on historical trading for Himax Technologies ADR (NASDAQ:HIMX) indicates that the trading volumes over the past 10 days have averaged 1.77 and over the past 3 months, they’ve averaged 1.41 million. According to company’s latest data on outstanding shares, there are 174.70 million shares outstanding.
Nearly 0.00% of Himax Technologies ADR’s shares belong to company insiders and institutional investors own 17.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.56 million shares as on 2024-12-13, resulting in a short ratio of 3.12. According to the data, the short interest in Himax Technologies ADR (HIMX) stood at 496.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 6.42 million. The stock has risen by 32.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HIMX stock heading into the next quarter.
