Himax Technologies ADR (NASDAQ:HIMX) traded at $8.61 at close of the session on Monday, March 10 and made a downward move of -11.69% on its previous day’s price.
Himax Technologies ADR has a market cap of $1.50 billion and is expected to release its quarterly earnings report in April. With its Forward Dividend at 0.29 and a yield of 3.37%, 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 207.1M, with a low of 201M and a high of 212.3M. The median projection represents growth adding up to -0.22% 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 981.48M, or 8.24% up 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 50% Buy.
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 -13.73% off its SMA20 and -8.14% from its 50-day simple moving average. The RSI (14) is pointing at 42.03 while the volatility over the past week is 9.37% and jumps to 8.69% over the past one month. The beta value is 2.08, while the average true range (ATR) is currently pointing at 0.91.
