The stock of Himax Technologies ADR (HIMX) has seen a -2.49% decrease in the past week, with a -9.04% drop in the past month, and a -14.62% decrease in the past quarter. The volatility ratio for the week is 2.59%, and the volatility levels for the past 30 days are at 2.76% for HIMX. The simple moving average for the last 20 days is -2.47% for HIMX’s stock, with a simple moving average of -11.38% for the last 200 days.
Is It Worth Investing in Himax Technologies ADR (NASDAQ: HIMX) Right Now?
The price-to-earnings ratio for Himax Technologies ADR (NASDAQ: HIMX) is above average at 18.15x, Company’s 36-month beta value is 2.07.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for HIMX is 178.35M, and currently, short sellers hold a 3.51% ratio of that floaft. The average trading volume of HIMX on April 12, 2024 was 752.36K shares.
HIMX) stock’s latest price update
Himax Technologies ADR (NASDAQ: HIMX)’s stock price has gone decline by -2.31 in comparison to its previous close of 5.41, however, the company has experienced a -2.49% decrease in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-08 that TAINAN, Taiwan, April 08, 2024 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, May 9, 2024 at 8:00 a.m. US Eastern Daylight Time and 8:00 p.m. Taiwan Time to discuss the Company’s first quarter financial results.
Analysts’ Opinion of HIMX
Many brokerage firms have already submitted their reports for HIMX stocks, with Credit Suisse repeating the rating for HIMX by listing it as a “Outperform.” The predicted price for HIMX in the upcoming period, according to Credit Suisse is $8 based on the research report published on August 11, 2023 of the previous year 2023.
Credit Suisse, on the other hand, stated in their research note that they expect to see HIMX reach a price target of $7. The rating they have provided for HIMX stocks is “Neutral” according to the report published on July 14th, 2022.
Nomura gave a rating of “Neutral” to HIMX, setting the target price at $11 in the report published on April 07th of the previous year.
HIMX Trading at -4.18% from the 50-Day Moving Average
After a stumble in the market that brought HIMX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.36% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares sank -5.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.44% lower at present.
During the last 5 trading sessions, HIMX fell by -2.49%, which changed the moving average for the period of 200-days by -26.80% in comparison to the 20-day moving average, which settled at $5.40. In addition, Himax Technologies ADR saw -12.93% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HIMX
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.28 for the gross margin
The net margin for Himax Technologies ADR stands at 0.05. The total capital return value is set at 0.05. Equity return is now at value 5.82, with 3.04 for asset returns.
Based on Himax Technologies ADR (HIMX), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 7.13.
Currently, EBITDA for the company is 63.67 million with net debt to EBITDA at -1.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The receivables turnover for the company is 4.0for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In a nutshell, Himax Technologies ADR (HIMX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
