Stocks

Stock to Watch: Himax Technologies, Inc. (NASDAQ:HIMX)

Himax Technologies, Inc. (NASDAQ:HIMX) jumped 5.6 percent and ended the day at $7.16. The Average Volume of the company is 4.6 Million and P/E (price to earnings) ratio is 21.83, while Forward P/E ratio is 17.94.

Nomura Upgrade its coverage for Himax Technologies, Inc. (NASDAQ:HIMX) in a note sent to investors on 17-Feb-17. The research firm Upgrade the stock to Buy. Moreover, Northland Capital issued Upgrade rating for the stock on 16-Feb-17. Morgan Stanley also Downgrade the company to Underweight on 6-Feb-17, 2016. Additionally, Robert W. Baird Downgrade its ratings on the stock to Neutral.

The highest price HIMX stock touched in the last 12 month was $12 and the lowest price it hit in the same period was $4.88. The stock has a Return on Assets of 4.5 percent, Return on Investment of 3.1 percent and a Return on Equity of 8.2 percent. The company’s market cap is $1.23 Billion.

Himax Technologies, Inc. (NASDAQ:HIMX)’s growth estimate is -62.5 percent for the current quarter. The growth estimate for the next quarter is -58.3 percent. The company’s stock has fell -2.67 percent in the past five year. The company is expected to grow by 25 percent over the next five years.

Price Target is an important factor while doing analysis of a stock. According to 9 analysts, Price Target for Himax Technologies, Inc. (NASDAQ:HIMX) may hit a high of $10. The average and low price target for the stock are $7.07 and $4, respectively.

Now we look at the Moving Averages, the 200-day is -11.44, the 50-day is 20.73 and the 20-day is 19.37. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

Looking forward, the company is expected to report earnings of $0.03 per share for the current quarter. Revenue is expected in between 161 Million and 157 Million with an average of 159.42 Million.

When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 2. Out of 10 brokerage recommendations, 0 gave a Strong Buy, 2 issued a Buy, 7 issued Hold, 1 rated Under-perform and 0 issued a Sell.

Himax Technologies, Inc. (NASDAQ:HIMX) performance during the last one year Degraded -31.16 percent, while its year to date (YTD) performance showed a Positive trend of 18.54 percent. The stock Fell -27.24 percent over the past six months. The stock’s quarterly performance indicates a Negative momentum of -3.24 percent, whereas its last one month trend is Optimistic with 39.57 percent. Its weekly performance showed upward trend of 2.29 percent.

Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 5.1 percent, operating profit margin was 6 percent, whereas gross profit margin stands at 24.3 percent. Beta factor was calculated at 0.99.

Himax Technologies, Inc. (NASDAQ:HIMX) has 173.98 Million shares outstanding and 148.8 Million shares were floated in market. The short ratio in the company’s stock is documented at 3.28 and the short float is around of 10.16%. The stock’s average true range of stands at 0.35, while the relative strength index is 67.56.

Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 1.5, current ratio was 2, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio was 0.31.