Why Himax Technologies Inc. [HIMX] Stock Still Has Countless Sunny Days Ahead

Himax Technologies Inc. [HIMX] stock is up 5.07 while the S&P 500 has risen 0.01% on Tuesday, 12/01/20. While at the time of this article, HIMX ATR is sitting at 0.38, with the beta value at 1.69. This stock’s volatility for the past week remained at 10.75%, while it was 7.17% for the past 30-day period. HIMX has risen $0.34 from the previous closing price of $6.71 on volume of 2.25 million shares.

On 20, November 2020, Himax Technologies, Inc. to Attend Credit Suisse 24th Annual Virtual Technology Conference on November 30th – December 3rd, 2020. According to news published on Yahoo Finance, Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will attend Credit Suisse 24th Annual Virtual Technology Conference on November 30th – December 3rd, 2020.

Analyst Birdseye View:

The most recent analyst activity for Himax Technologies Inc. [NASDAQ:HIMX] stock was on March 25, 2020, when it was Resumed with an Outperform rating from Robert W. Baird, which also raised its 12-month price target on the stock to $6. On January 31, 2020, Lake Street Upgrade a Buy rating and boosted its price target on this stock from $2.50 to $5. On January 06, 2020, Credit Suisse Upgrade a Neutral rating and increased its price target to $3. On August 09, 2019, Credit Suisse Downgrade an Underperform rating. On July 12, 2019, ROTH Capital Downgrade a Neutral rating and boosted its amount target on this stock to $3.50. On May 30, 2019, ROTH Capital Upgrade a Buy rating. On January 25, 2019, Lake Street Downgrade a Hold rating and improved its amount target to $4.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.73 and a peak of $7.00. Right now, the middling Wall Street analyst 12-month amount mark is $5.00. At the most recent market close, shares of Himax Technologies Inc. [NASDAQ:HIMX] were valued at $7.05. According to the average price forecast, investors can expect a potential return of -11.0%.

FUNDAMENTAL ANALYSIS

Himax Technologies Inc. [NASDAQ:HIMX] most recently reported quarterly sales of 241.02 billion, which represented growth of 46.00%. This publicly-traded organization’s revenue is $340,809 per employee, while its income is -$6,906 per employee. This company’s Gross Margin is currently 21.70%, its Operating Margin is 1.80%, its Pretax Margin is -2.28, and its Net Margin is -2.03. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.65, -3.10, -2.86 and -3.09 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 34.25 and the whole liability to whole assets at 27.56. It shows enduring liability to the whole principal at 0.42 and enduring liability to assets at 0.00 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 6.51 points at 1st support level, the second support level is making up to 6.32. But as of 1st resistance point, this stock is sitting at 6.92 and at 7.14 for 2nd resistance point.

Himax Technologies Inc. [HIMX] reported its earnings at $0.07 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.03/share signifying the difference of 0.04 and 133.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.01 calling estimates for -$0.01/share with the difference of 0.02 depicting the surprise of 200.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Himax Technologies Inc. [NASDAQ:HIMX] is 2.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.72. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.68, it’s amount to book ratio is 1.06 and showing 42.74 of P/E (TTM) ratio.