Assessing Whether Himax Technologies ADR (NASDAQ: HIMX) Is Over- Or Undervalued

Himax Technologies ADR (HIMX) concluded trading on Thursday at a closing price of $8.77, with 3.62 million shares of worth about $31.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.60% during that period and on January 16, 2025 the price saw a gain of about 6.17%. Currently the company’s common shares owned by public are about 174.70M shares, out of which, 174.70M shares are available for trading.

Stock saw a price change of 11.44% in past 5 days and over the past one month there was a price change of 2.15%. Year-to-date (YTD), HIMX shares are showing a performance of 9.08% which increased to 48.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.80 but also hit the highest price of $9.80 during that period. The average intraday trading volume for Himax Technologies ADR shares is 1.61 million. The stock is currently trading 11.22% above its 20-day simple moving average (SMA20), while that difference is up 29.79% for SMA50 and it goes to 38.37% higher than SMA200.

Himax Technologies ADR (NASDAQ: HIMX) currently have 174.70M outstanding shares and institutions hold larger chunk of about 17.34% of that.

The stock has a current market capitalization of $1.53B and its 3Y-monthly beta is at 2.03. PE ratio of stock for trailing 12 months is 19.45, while it has posted earnings per share of $0.45 in the same period. It has Quick Ratio of 1.37 while making debt-to-equity ratio of 0.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HIMX, volatility over the week remained 6.63% while standing at 6.26% over the month.

Stock’s fiscal year EPS is expected to rise by 44.52% while it is estimated to decrease by -12.26% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on August 11, 2023 offering an Outperform rating for the stock and assigned a target price of $8 to it. Coverage by Credit Suisse stated Himax Technologies ADR (HIMX) stock as a Neutral in their note to investors on July 14, 2022, suggesting a price target of $7 for the stock. Stock get an Outperform rating from Credit Suisse on April 01, 2020.

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