Himax Technologies (NASDAQ:HIMX) shares traded -0.9% down during most recent session to reach at the closing price of $7.68. The stock exchanged hands 3.38 Million shares versus average trading capacity of 4.5 Million shares, yielding a market cap of $1.32 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $9.85 within the next 52-weeks. The mean target projections are based on 11 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Himax Technologies (NASDAQ:HIMX) high price target of $14 and with a conservative view have low price target of $4.
Morgan Stanley “Downgrades” Himax Technologies (NASDAQ:HIMX) in a research note issued to investors on 11/27/17 to Equal-Weight with price target of $0.
Additionally on 11/10/17 Baird “Maintained” Himax Technologies (NASDAQ:HIMX) to Outperform setting price target at $11 and on 10/11/17 Mizuho “Downgrades” the stock to Neutral at $0. Furthermore on 9/28/17 Lake Street “Upgrades” the stock to Buy at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 35.39 along with Average True Range (ATR 14) of 0.45, Consequently Himax Technologies (NASDAQ:HIMX)’s weekly and monthly volatility is 4.86%, 5.54% respectively. The company’s beta value is at 0.12.
In terms of Buy, Sell or Hold recommendations, Himax Technologies (NASDAQ:HIMX) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Himax Technologies (NASDAQ:HIMX)’s minimum EPS for the current quarter is at $-0.03 and can go high up to $0.04. The consensus mean EPS for the current quarter is at $-0.02 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.01 earnings per share for the same quarter during last year.
Previously Himax Technologies (NASDAQ:HIMX) reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14 by $0. The company posted an earnings surprise of 0%.
Himax Technologies (NASDAQ:HIMX)’s revenue estimates for the current quarter are $159.55 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $163.6 Million in contradiction of low revenue estimates of $149.4 Million. For the current year the company’s revenue estimates are $837.66 Million compared to low analyst estimates of $668.1 Million and high estimates of $937.09 Million according to 10 number of analysts.
Currently Himax Technologies (NASDAQ:HIMX)’s shares owned by insiders are 12.3%, whereas shares owned by institutional owners are 41.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 31.15%.
Himax Technologies (NASDAQ:HIMX) 52-week high price stands at $13.95 and low price stands at $6.40, its price distance from 52-week high is -44.95% while its distance from 52-week low price is 20%. The stock hit its 52-week high on 11/30/17, and 52-week low on 05/18/17.
Himax Technologies (NASDAQ:HIMX)’s trailing twelve month revenues are $685.2 Million, whereas its price to sales ratio for the same period is 1.92. Its book value per share for the most recent quarter is $2.65 while its price to book ratio for the same period is 2.9, as for as the company’s cash per share for the most recent quarter is $0.87, however its price to cash per share ratio for the same period is 8.84. The stock has 5 year expected PEG ratio of 1.9 whereas its trailing twelve month P/E ratio is 47.41.