Himax Technologies ADR (NASDAQ:HIMX) price is hovering higher on current market day and jumping 3.67% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $8.98. The company’s P/E ratio in the trailing 12-month period read 18.60. Taking into account the 52-week price action we note that the stock hit a 52-week high of $13.91 and 52-week low of $5.12. The stock added 13.95% on its value in the past month.
Himax Technologies ADR, which has a market valuation of $1.63 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 0.29, while the dividend yield is 3.11%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 212M, with the likely lows of 211M and highs of 213M. The average estimate suggests sales growth for the quarter will likely fall by -11.53% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 860.91M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -5.06% below that which the company brought in the current year earning report.
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Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned HIMX a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Himax Technologies ADR (HIMX) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.03. The overview shows that HIMX’s price is at present 9.75% off the SMA20 and 23.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 71.78, with weekly volatility standing at 1.79%. The indicator jumps to 2.04% when calculated based on the past 30 days. Himax Technologies ADR (NASDAQ:HIMX)’s beta value is holding at 2.21, while the average true range (ATR) indicator is currently reading 0.35.
An analysis of the Himax Technologies ADR (NASDAQ:HIMX) stock in terms of its daily trading volume indicates that the 3-month average is 1.57 million.
Current records show that the company has 174.90M in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 19.56%. But the 15.79% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
