Himax Technologies ADR [NASDAQ: HIMX] price plunged by -5.28 percent to reach at -$0.51.
The one-year HIMX stock forecast points to a potential upside of 12.95. The average equity rating for HIMX stock is currently 2.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Himax Technologies ADR [HIMX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HIMX shares is $10.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HIMX stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Himax Technologies ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 11, 2023. The new note on the price target was released on July 14, 2022, representing the official price target for Himax Technologies ADR stock. Previously, the target price had yet another raise to $11, while Nomura analysts kept a Neutral rating on HIMX stock.
The Average True Range (ATR) for Himax Technologies ADR is set at 0.92, with the Price to Sales ratio for HIMX stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 4.07. Price to Free Cash Flow for HIMX in the course of the last twelve months was 12.81 with Quick ratio for the last quarter at 1.37.
HIMX Stock Performance Analysis:
Himax Technologies ADR [HIMX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.54. With this latest performance, HIMX shares gained by 22.19% in over the last four-week period, additionally plugging by 68.32% over the last 6 months – not to mention a rise of 66.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HIMX stock in for the last two-week period is set at 49.38, with the RSI for the last a single of trading hit 45.27, and the three-weeks RSI is set at 51.63 for Himax Technologies ADR [HIMX]. The present Moving Average for the last 50 days of trading for this stock 8.36, while it was recorded at 9.55 for the last single week of trading, and 6.76 for the last 200 days.
Insight into Himax Technologies ADR Fundamentals:
Himax Technologies ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.37 and a Current Ratio set at 1.64.
HIMX Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HIMX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Himax Technologies ADR go to 51.08%.
Himax Technologies ADR [HIMX] Institutonal Ownership Details
The top three institutional holders of HIMX stocks are: LAZARD ASSET MANAGEMENT LLC with ownership of 4.58 million shares, which is approximately 2.6236%. ACADIAN ASSET MANAGEMENT LLC, holding 3.37 million shares of the stock with an approximate value of $$26.73 million in HIMX stocks shares; and ACADIAN ASSET MANAGEMENT LLC, currently with $$16.77 million in HIMX stock with ownership which is approximately 1.2087%.
