Meaningful negative changes in Himax Technologies Inc (NASDAQ: HIMX) fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in Himax Technologies Inc (NASDAQ: HIMX) investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HIMX is expected to continue to be a modest Value Builder.
Himax Technologies has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Himax Technologies has a good Appreciation Score of 71 but a poor Power Rating of 17, with the Negative Value Trend Rating the result.
Recent Price Action
On 3/1/24, Himax Technologies Inc (NASDAQ: HIMX) stock enjoyed a large increase of 4.4%, closing at $5.75. Moreover, trading volume in this advance was above average at 125% of normal. Relative to the market the stock has been weak over the last nine months but has risen 8.1% during the last week.
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