So Far This Year, Himax Technologies Inc. (HIMX) Reached A New High 2 times

As of Friday close, Himax Technologies Inc.’s (NASDAQ:HIMX) stock was up $1.1, moving up 13.24 percent to $9.41. The average number of shares traded per day over the past five days has been 3,723,360 shares. 2 times new highs have been achieved over the past 5 days, with a $0.63 gain in that time frame. In the last twenty days, the average volume was 2,639,015, while in the previous 50 days, it was 2,857,564.

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Since last month, HIMX stock rose 0.21%. Shares of the company fell to $7.30 on 05/12/22, the lowest level in the past month. A 52-week high of $17.30 was reached on 01/03/22 after having rallying from a 52-week low of $7.30. Since the beginning of this year, HIMX’s stock price has dropped by -41.15% or -$6.58, and marked a new high 1 time. However, the stock has declined by -45.61% since its 52-week high.

Valuation Metrics

Right now, Himax Technologies Inc. (HIMX) has a P/E ratio of about 3.77. The stock’s beta is 2.00. Besides these, the trailing price-to-sales (P/S) ratio of 1.11, the price-to-book (PB) ratio of 1.89, and the price-to-cash flow ratio of 5.16 may also be considered.

The latest dividend of $0.2620 per share was paid out, which is 191.11% more than last year’s $0.09. On Tuesday June 1 2021, a $0.1720 dividend increase was announced.

Financial Health

In the recent quarter, Himax Technologies Inc.’s quick ratio stood at 1.70, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.05, and the total debt-to-equity ratio was 0.23. On the profitability front, the trailing twelve-month gross margin is 48.40% percent. In the recent year, operating margins totaled 35.20%. Based on annual data, HIMX earned $748.58 million in gross profit and brought in $1.55 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 40.50%. Return on equity (ROE) for the past 12 months was 63.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated $147.73 million in EBITDA. The liabilities of Himax Technologies Inc. were 780.42 million at the end of its most recent quarter, and its total debt was $205.4 million.

Technical Picture

This quick technical analysis looks at Himax Technologies Inc.’s (HIMX) price momentum. With a historical volatility rate of 89.74%, the RSI 9-day stood at 58.14% on 13 May.

With respect to its five-day moving average, the current Himax Technologies Inc. price is up by +7.18% percent or $0.63. At present, HIMX shares trade +2.73% above its 20-day simple moving average and -18.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.50% below its SMA50 and -31.06% below its SMA200.

Stochastic coefficient K was 46.95% and Stochastic coefficient D was 26.88%, while ATR was 0.60. Given the Stochastic reading of 94.20% for the 14-day period, the RSI (14) reading has been calculated as 52.38%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.27.

Analyst Ratings

Himax Technologies Inc. downgraded its rating on Himax Technologies Inc. (NASDAQ: HIMX) to a Neutral in a note to investors on April 07, 2022. The analysts firm previously had a Buy rating on the stock.


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