On 6/18/24, Himax Technologies Inc (NASDAQ: HIMX) stock enjoyed a major increase of 10.9%, closing at $7.41. Moreover, exceptionally high trading volume at 473% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 10.9% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Himax Technologies has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 66, and the High Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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