Himax Technologies ADR (NASDAQ: HIMX)’s stock price has soared by 9.20 in relation to previous closing price of 5.22. Nevertheless, the company has seen a gain of 12.87% in its stock price over the last five trading days. InvestorPlace reported 2024-05-01 that While innovators tend to be focused on one thing – expansion – it’s possible to have the best of both worlds, which brings us to tech stocks for growth and income. Primarily, what’s beautiful about this market subsector is that you don’t have to choose between either attribute.
Is It Worth Investing in Himax Technologies ADR (NASDAQ: HIMX) Right Now?
Himax Technologies ADR (NASDAQ: HIMX) has a higher price-to-earnings ratio of 19.57x compared to its average ratio. HIMX has 36-month beta value of 2.15. Analysts have mixed views 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 3.52% ratio of that float. The average trading volume of HIMX on May 09, 2024 was 691.38K shares.
HIMX’s Market Performance
HIMX stock saw an increase of 12.87% in the past week, with a monthly gain of 5.95% and a quarterly increase of 3.26%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 2.43% for Himax Technologies ADR (HIMX). The simple moving average for the past 20 days is 12.46% for HIMX’s stock, with a -1.14% simple moving average for the past 200 days.
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 6.64% 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 -25.97% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +6.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.32% upper at present.
During the last 5 trading sessions, HIMX rose by +13.90%, which changed the moving average for the period of 200-days by -19.44% in comparison to the 20-day moving average, which settled at $5.09. In addition, Himax Technologies ADR saw -6.10% 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 0.93. 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
To put it simply, Himax Technologies ADR (HIMX) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
