The trading price of Himax Technologies ADR (NASDAQ:HIMX) closed lower on Monday, March 03, and closing at $9.30, -7.74% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 20.47. In examining the 52-week price action we see that the stock hit a 52-week high of $13.91 and a 52-week low of $4.80. Over the past month, the stock has lost -4.22% in value.
Himax Technologies ADR, whose market valuation is $1.62 billion at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 3.12%, 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 0.44 for current year and 0.88 for next year.
Analysts have forecast the company to bring in revenue of 207.1M for the current quarter, with the likely lows of 201M and highs of 212.3M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 981.48M.
On the technical side, indicators suggest HIMX has a 50% 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 100% Buy, while an average of long term indicators suggests that the stock is currently 100% 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 -7.51% off the SMA20 and 1.09% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.15, and weekly volatility stands at 6.38%. When measured over the past 30 days, the indicator reaches 8.44%. Himax Technologies ADR (NASDAQ:HIMX)’s beta value is currently sitting at 2.18, while the Average True Range indicator is currently displaying 0.90.
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 -7.74% in the latest trading, and 73.51% in the past year, while Texas Instruments Inc. (TXN) has traded -0.82%% on the day and positioned 12.73% higher than it was a year ago. Himax Technologies ADR has a P/E ratio of 20.47.
An evaluation of the daily trading volume of Himax Technologies ADR (NASDAQ:HIMX) indicates that the 3-month average is 4.02 million.
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 20.13%. However, since the stock’s price has seen 15.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
