Himax Technologies, Inc. (HIMX) Stock: Here’s Why It’s Headed Down

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Himax Technologies, Inc. (HIMX) is headed up in the market in today’s trading session. The company, one that is focused in the tech space, is currently priced at $2.48 after heading down -6.77% so far today. When it comes to technology companies, there are quite a few factors that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines surrounding HIMX:

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Sep-03-19 06:00AM Lumotive and Himax Technologies Target Autonomous Vehicles with Industry-First Liquid Crystal on Silicon Solution for High-Performance LiDAR Systems
Aug-19-19 06:50AM Himax and GTS Announce 3D Vision-Assisted Smart Flexible Cementing Solution for Automation Production in Shoe Industry
Aug-12-19 07:48AM Edited Transcript of HIMX earnings conference call or presentation 8-Aug-19 12:00pm GMT
Aug-09-19 03:23AM Himax Technologies, Inc. (HIMX) Q2 2019 Earnings Call Transcript
Aug-08-19 06:00AM Himax Technologies, Inc. Reports Second Quarter 2019 Financial Results and Provides Third Quarter 2019 Guidance

However, any time investors are making an investing decision, investors should look at much more than just news, this is especially the case in the ever evolving technology sector. Here’s what’s happening in regard to Himax Technologies, Inc..

Trends That We’ve Seen From HIMX

Although a move toward the top in a single session, like the fall that we’re seeing from Himax Technologies, Inc. may make some investors fearful, a single session move by itself should not be the basis of a decision to, or not to, buy a company’s stock. It is generally important to look into trends just a single trading day. As it relates to HIMX, below are the returns on investment that we’ve seen:

  • Past 7 Days – Throughout the last 7 days, HIMX has generated a price change amounting to 13.76%.
  • Past Month – The monthly ROI from Himax Technologies, Inc. works out to 10.22%.
  • Past Three Months – Over the last quarter, the company has produced a return on investment of -25.08%
  • Past Six Months – Over the previous six months, we’ve seen a change that works out to -33.15% from the stock.
  • YTD – Since the the last trading session of last year HIMX has produced a return of -27.70%.
  • Annually – Finally, in the past year, investors have seen a change that comes to -60.51% from HIMX. Throughout this period, the stock has traded at a high price of -62.76% and a low of 45.88%.

Ratios Worth Paying Attention To

Looking at various key ratios associated with a stock can provide traders an understanding of how risky and/or rewarding a an investment option may be. Here are some of the key ratios to consider when looking at HIMX.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it means that more investors have a belief that the value of the stock is headed for declines. Across the sector, strong tech stocks tend to have a lower short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, as it relates to Himax Technologies, Inc., the stock’s short ratio amounts to 9.33.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure the company’s abilities to pay its debts as they mature based on quick assets or current assets. Because in tech, companies are reliant on continued support from investors as they work to bring new technologies to market, the quick and current ratios can seem upsetting. Nonetheless, several better companies in the tech sector do have positive quick and current ratios. As far as HIMX, the quick and current ratios total up to 1.20 and 1.60 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets owned by the company. In this particular case, that ratio equates to 5.15.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In the case of HIMX, the cash to share value ratio works out to 0.66.

Is Big Money Interested in Himax Technologies, Inc.?

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in HIMX, here’s what we’re seeing:

  • Institutional Investors – Currently, institutions hold 10.20% of HIMX. Nonetheless, it is worth considering that institutional ownership has seen a move of -5.36% in the last quarter.
  • Insiders – with regard to insiders, insiders of the company currently hold 12.30% of the company. Insider ownership of the company has changed in the amount of 0.00% in the last quarter.

What Analysts Think About Himax Technologies, Inc.

Although it’s never a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to use their analysis in order to validate your own opinions when it comes to making an investment decision in the technology sector. Here are the most recent moves that we have seen from analysts as it relates to HIMX.

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Aug-09-19 Downgrade Credit Suisse Neutral → Underperform
Jul-12-19 Downgrade ROTH Capital Buy → Neutral $5 → $3.50
May-30-19 Upgrade ROTH Capital Neutral → Buy
Jan-25-19 Downgrade Lake Street Buy → Hold $7 → $4
Nov-20-18 Downgrade ROTH Capital Buy → Neutral

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.03. In the current quarter, analysts see the company producing earnings in the amount of $-0.03. Over the last 5 years, HIMX has generated revenue in the amount of $-1.30% with earnings coming in at -34.60%. On a quarter over quarter basis, earnings have seen movement of 18.00% and revenue has seen movement of 0.20%.

What’s The Float Looking Like?

Investors seem to have an interest in the amounts of shares both available and outstanding. In terms of Himax Technologies, Inc., currently there are 164.19M with a float of 148.70M. These data mean that out of the total of 164.19M shares of HIMX that are out there today, 148.70M are available to trade hands by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to HIMX, the short percent of the float is 7.90%.

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