Himax Stock Story

HIMX
 Stock
  

USD 7.53  0.31  4.29%   

In general, we focus on analyzing Himax (NASDAQ:HIMX) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Himax Technologies daily price indicators and compare them against related drivers. Today's article will break down Himax Technologies. We will evaluate why recent Himax Technologies price moves suggest a bounce in July.
Published over two months ago
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Should I hold on to my Himax Technologies (NASDAQ:HIMX) position?

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Himax Technologies has an asset utilization ratio of 193.19 percent. This suggests that the company is making $1.93 for each dollar of assets. An increasing asset utilization means that Himax Technologies is more efficient with each dollar of assets it utilizes for everyday operations.
The company has Profit Margin (PM) of 28.24 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 35.23 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.35.
The successful prediction of Himax Technologies stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Himax Technologies, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Himax Technologies based on Himax Technologies hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Himax Technologies's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Himax Technologies's related companies.

Use Technical Analysis to project Himax expected Price

Himax Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Himax Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Himax Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How does Himax utilize its cash?

To perform a cash flow analysis of Himax Technologies, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Himax Technologies is receiving and how much cash it distributes out in a given period. The Himax Technologies cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Himax Technologies Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Himax Technologies reported Net Cash Flow from Operations of 408.14 Million in 2021

Breaking it down

The small slide in market price for the last few months may raise some interest from investors. The stock closed today at a share price of 9.78 on 2,291,730 in trading volume. The company directors and management did not add much value to Himax Technologies investors in May. However, diversifying your holdings with Himax Technologies or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.38. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Himax Technologies partners.
 2019 2020 2021 2022 (projected)
Interest Expense2.33 M1.71 M1.07 M1.1 M
Gross Profit137.92 M220.78 M748.58 M807.68 M

Deferred Revenue Breakdown

Himax Technologies Deferred Revenue yearly trend continues to be fairly stable with very little volatility. Deferred Revenue will likely drop to about 1.7 M in 2022. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Himax Technologies Deferred Revenue is fairly stable at the moment as compared to the past year. Himax Technologies reported Deferred Revenue of 1.71 Million in 2021
2010
2021
2022
20101.9 Million
20211.71 Million
20221.7 Million

Himax Technologies is epected to finish above $9.58 in July

Current Treynor Ratio is up to -0.05. Price may slide again.
As of the 10th of June, Himax Technologies retains the market risk adjusted performance of (0.037446), and Risk Adjusted Performance of (0.015198). Himax Technologies technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for Himax Technologies, which can be compared to its competitors. Please check out Himax Technologies coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Himax Technologies is priced fairly, providing market reflects its last-minute price of 9.78 per share. Given that Himax Technologies has jensen alpha of (0.040468), we strongly advise you to confirm Himax Technologies's regular market performance to make sure the company can sustain itself at a future point.

The Current Takeaway on Himax Technologies Investment

When is the right time to buy or sell Himax Technologies? Buying stocks such as Himax Technologies isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily basis.
While some investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Himax Technologies.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Himax Technologies. Please refer to our Terms of Use for any information regarding our disclosure principles.

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