Insiders Are Selling Big on Himax Technologies, Inc. (HIMX)

The 12-month median price target for Himax Technologies, Inc. (HIMX) assigned by the analysts stands at $5.75, which represents a return potential of 56.25 percent when compared to the closing price of the stock of $3.68 on Thursday, December 06. The lowest price target for the stock is $4 — slightly more than 8.7 percent from HIMX’s current share price. The stock will probably climb 58.42 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $7-month high price target. This represents a whopping 90.22 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 27.8 on daily chart, which may remain a cause for comfort. If the price breaks below $3.47 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $3.81 mark may result into a pull-back move towards $3.93 level. The stock is currently hovering around the first support level of $3.58. Below this, the next support is placed in the zone of $3.47. Till the time, the HIMX stock trades above this level, bulls have nothing to fear.

Shares of Himax Technologies, Inc. (HIMX) are trading at a P/E ratio of 62.46 times earnings reported for the past 12 months. The industry HIMX operates in has an average P/E of 14.53. Its P/E ratio went as low as 7.94X and as high as 55.91 over the 5-year span. Further, it is sporting a 0.87 on the Price-to-Sales ratio. Compare this with the industry average P/S of 11.59. 23.4 percent is the gross profit margin for Himax Technologies, Inc. and operating margin sits at 0.3 percent. Along with this, the net profit margin is 3.3 percent.

On 6th of December, Himax Technologies, Inc. (NASDAQ:HIMX) shares ended lower after a volatile session. The shares dropped -0.23 points or -5.88 percent at $3.68 with a heavy trade volume of 4.909 million shares. After opening the session at $3.81, the shares went as high as $3.83 and as low as $3.6036, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $624 million and now has 169.62 million shares outstanding. Himax Technologies, Inc. (HIMX) stock has lost -30.96 percent of market value in 21 trading days.

HIMX stock has a trailing 3-year beta of -0.33, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.14 a share in the trailing twelve months. The stock’s value has fallen -64.68 percent year to date (YTD) against a decline of -72.35 percent in 12 month’s time. The company’s shares still trade -73.31 percent away from its 1-year high of $13.79 and -5 percent down from 52-week low of $3.87. The average consensus rating on the company is 3.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.