Stock Rating Downgrade
The Value Trend Rating for Himax Technologies Inc (NASDAQ: HIMX) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Himax Technologies Inc (NASDAQ: HIMX) stock enjoyed a large increase of 2.7% on 5/10/24. The stock closed at $5.86. Moreover, unusually high trading volume at 175% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 15.9% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Himax Technologies has a slightly positive Appreciation Score of 63 but a poor Power Rating of 23, and the Negative Value Trend Rating results.
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