Himax Technologies ADR (NASDAQ:HIMX) saw an upside of 3.33% to close Friday at $5.59 after adding $0.18 on the day. The 5-day average trading volume is 707,640 shares of the company’s common stock. It has gained $5.65 in the past week and touched a new high 2 times within the past 5 days. An average of 698,790 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 848,708.
HIMX’s 1-month performance is -10.70% or -$0.57 on its low of $5.28 reached on 09/21/23. The company’s shares have touched a 52-week low of $4.81 and high of $8.70, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, HIMX has lost -9.98% or -$0.62 and has reached a new high 12 times. However, the current price is down -35.75% from the 52-week high price.
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Valuation Metrics
HIMX stock has a beta of 2.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.02 while the price-to-book (PB) in the most recent quarter is 1.18, with the price to cash flow ratio at 16.69.
Himax Technologies ADR’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.71. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 28.95%. The trailing 12-month EBITDA margin is 23.22% while for the period ending June 29, Himax Technologies ADR’s operating margin was 4.93%. The firm’s gross profit as reported stood at $487.11 million against revenue of $1.2 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -83.11% to $236.98 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected HIMX to announce $0 per share in earnings in its latest quarter, but it posted $0. EBITDA for the quarter stood at more than $2.88 million. HIMX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 811.92 million, with total debt at $413.09 million.
Let’s look briefly at Himax Technologies ADR (HIMX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 41.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.27%.
The stock’s 5-day moving average is $5.43, reflecting a +2.19% or $0.12 change from its current price. HIMX is currently trading -7.45% above its 20-day SMA, -15.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -25.96% and SMA200 by-21.27%.
Stochastic %K and %D was 17.90% and 10.88% and the average true range (ATR) pointed at 0.16. The RSI (14) points at 37.16%, while the 14-day stochastic is at 34.07% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at -0.07 and -0.20 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Himax Technologies ADR (NASDAQ: HIMX), Credit Suisse upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for HIMX stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate HIMX as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is HIMX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.60 and a high of $10.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Himax Technologies ADR (HIMX) stock is $7.87.
