Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Himax Technologies Inc (NASDAQ: HIMX) improved during the last several trading days. HIMX’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/3/24, Himax Technologies Inc (NASDAQ: HIMX) stock enjoyed a large increase of 2.2%, closing at $5.16. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 4.0% during the last week.
Current PriceTarget Research Rating
HIMX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Himax Technologies has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Himax Technologies has a slightly positive Appreciation Score of 68 but a poor Power Rating of 22, with the Low Neutral Value Trend Rating the result.
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