Himax Technologies ADR (NASDAQ: HIMX)’s stock price has plunge by -2.54relation to previous closing price of 5.31. Nevertheless, the company has seen a -12.29% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-13 that TAINAN, Taiwan, Nov. 13, 2024 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will attend UBS Global Technology and AI Conference on December 2 – 5, 2024 at The Phoenician Hotel in Scottsdale, Arizona.
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 11.48x, Company’s 36-month beta value is 2.13.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.”
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The public float for HIMX is 174.70M, and currently, short sellers hold a 3.67% ratio of that floaft. The average trading volume of HIMX on November 15, 2024 was 698.78K shares.
HIMX’s Market Performance
HIMX stock saw a decrease of -12.29% in the past week, with a monthly decline of -18.63% and a quarterly a decrease of -10.62%. The volatility ratio for the week is 3.60%, and the volatility levels for the last 30 days are 3.43% for Himax Technologies ADR (HIMX). The simple moving average for the past 20 days is -11.61% for HIMX’s stock, with a -14.25% 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 -10.12% 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 -40.72% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares sank -16.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.51% lower at present.
During the last 5 trading sessions, HIMX fell by -12.01%, which changed the moving average for the period of 200-days by -10.03% in comparison to the 20-day moving average, which settled at $5.86. In addition, Himax Technologies ADR saw -14.74% 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:
- 0.07 for the present operating margin
- 0.3 for the gross margin
The net margin for Himax Technologies ADR stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 9.27, with 4.86 for asset returns.
Based on Himax Technologies ADR (HIMX), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 19.45.
Currently, EBITDA for the company is 58.65 million with net debt to EBITDA at 4.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.39. The receivables turnover for the company is 3.98for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
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.
