Himax Technologies ADR (NASDAQ:HIMX) shares, rose in value on Thursday, March 06, with the stock price down by -5.19% to the previous day’s close as strong demand from buyers drove the stock to $9.49.
Actively observing the price movement in the last trading, the stock closed the session at $10.01. The PE ratio was 20.88 over 12-month period. Referring to stock’s 52-week performance, its high was $13.91, and the low was $4.80. On the whole, HIMX has fluctuated by -7.86% over the past month.
With the market capitalization of Himax Technologies ADR currently standing at about $1.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.29, with its dividend yield at 3.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 981.48M, with a low estimate of 201M and a high estimate of 212.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 207.1M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of HIMX currently trading nearly -5.44% and 1.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.71, while the 7-day volatility ratio is showing 8.86% which for the 30-day chart, stands at 8.46%. Furthermore, Himax Technologies ADR (HIMX)’s beta value is 2.08, and its average true range (ATR) is 0.90.
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 -5.19% in last session, and over the past year, it grew by 60.85%%.
Data on historical trading for Himax Technologies ADR (NASDAQ:HIMX) indicates that the trading volumes over the past 3 months, they’ve averaged 4.24 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 20.14% of the company’s shares. The stock has risen by 18.03% 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.
