Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Himax Technologies Inc (NASDAQ: HIMX) fell significantly of late. HIMX’s current Value Trend Rating is C and the prior Rating was A. Details supporting this lower rating are included in our next report.
Recent Price Action
On 10/11/24, Himax Technologies Inc (NASDAQ: HIMX) stock enjoyed a large increase of 4.3%, closing at $6.30. Moreover, this advance was accompanied by above average trading volume at 140% of normal. The stock has risen 13.5% during the last week and has been strong relative to the market over the last nine months.
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 (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Himax Technologies has a good Appreciation Score of 78 but a neutral Power Rating of 47, leading to the High Neutral Value Trend Rating.
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