The leading market experts have placed a mean price target of $11.29 on Himax Technologies, Inc. (NASDAQ:HIMX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.12 a share for the upcoming quarter and $0.42 for the current fiscal.
The technical analysis of Himax Technologies, Inc. plainly substantiates that the 50-day moving average of Himax Technologies, Inc. is $8.86, and stock is trading $0.74 points away or +8.30% from its 50-day moving average of $8.86. Further it is trading $0.10 or +1.04% away its 200-day moving average of $9.50. Himax Technologies, Inc. (NASDAQ:HIMX) 52-week high is $12.00 and the 52-week low is $5.65.
This explains if the stock moves $-2.40, it will post a 52-week high. In event of +69.91% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Himax Technologies, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Himax Technologies, Inc. (NASDAQ:HIMX) ratio came in at 46.38.
The stock last ended the trading session at $9.60 and registered a market cap of $1.65B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Himax Technologies, Inc. (NASDAQ:HIMX) PEG ratio is at 1.03.
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