Overall market sentiment has been down on Himax Technologies, Inc. (HIMX) stock lately. HIMX receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With HIMX Stock Today?
Himax Technologies, Inc. (HIMX) stock is lower by -7.77% while the S&P 500 is up 0.94% as of 1:11 PM on Thursday, Apr 15. HIMX is lower by -$0.99 from the previous closing price of $12.79 on volume of 3,372,055 shares. Over the past year the S&P 500 has gained 46.29% while HIMX is up 259.76%. HIMX earned $0.27 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 43.3.
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More About Himax Technologies, Inc.
Himax Technologies Inc is a fabless semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, virtual reality (VR) devices and many other consumer electronics devices. It also design and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, scaler products for monitors and projectors. Majority of the firm's revenue gets derived from Driver Integrated Circuit segment.
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