The Next Few Weeks Are A Good Time To Consider Himax Technologies ADR (HIMX)

Himax Technologies ADR (NASDAQ:HIMX) price on Friday, April 19, fall -2.82% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.83.

A look at the stock’s price movement, the close in the last trading session was $4.97. The beta value (5-Year monthly) was 2.08 while the PE ratio in trailing twelve months stood at 16.59. Turning to its 52-week performance, $7.70 and $4.90 were the 52-week high and 52-week low respectively. Overall, HIMX moved -10.89% over the past month.

Himax Technologies ADR’s market cap currently stands at around $861.43 million, with investors looking forward to this quarter’s earnings report slated for May 09, 2024. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 9.94%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that HIMX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

HIMX’s current price about -9.29% and -11.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.45, while 7-day volatility ratio is 3.10% and 2.68% in the 30-day chart. Further, Himax Technologies ADR (HIMX) has a beta value of 2.07, and an average true range (ATR) of 0.16.

If we refocus on Himax Technologies ADR (NASDAQ:HIMX), historical trading data shows that trading volumes averaged 753.07K over the past 3 months. The company’s latest data on shares outstanding shows there are 178.35 million shares.

The 0.00% of Himax Technologies ADR’s shares are in the hands of company insiders while institutional holders own 13.40% of the company’s shares. Current price change has pushed the stock -20.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HIMX stock continues to rise going into the next quarter.

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