Do Analysts Expect Himax Technologies, Inc. (HIMX) Stock to Rise After It Is Down -11.73% in a Month?

Analysts who follow Himax Technologies, Inc. (HIMX) on average expect it to increase 6.24% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns HIMX an Analyst Ranking of 20, which means it ranks higher than 20 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating HIMX a Buy today. Find out what this means to you and get the rest of the rankings on HIMX!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Himax Technologies, Inc. Stock Today?

Himax Technologies, Inc. (HIMX) stock is trading at $11.06 as of 1:52 PM on Friday, Jan 21, a drop of -$0.31, or -2.73% from the previous closing price of $11.37. The stock has traded between $10.76 and $11.34 so far today. Volume today is light. So far 3,604,783 shares have traded compared to average volume of 4,962,683 shares. Click Here to get the full Stock Report for Himax Technologies, Inc. stock.