Stocks TradingCharts.com

stocks prices, charts & quotes

Free Stock Prices, Charts & Stock Price Quotes

Search
Symbol Search Browse Symbols My Charts Menu
QUICK QUOTE
QUICK CHART
F.A.Questions Suggestion Box Advertising Info Commodity Charts Forex Markets

Stocks & Financial News

Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts

Himax: Recovery Mode

Jan 14, 2020 (Baystreet.ca via COMTEX) --
After bottoming at well-below the $2.00 market last summer, Himax Technologies (NASDAQ:HIMX) is out with a vengeance. The stock won back investors when it pre-announced a small profit. The company appears to have finally entered the recovery phase.

Himax posted preliminary revenue of $174.9 million, above the $162.8 million consensus estimates. Non-IFRS earnings are $0.60 - $0.90 a share. The stock is up because management is beating on revenue earnings, and margin expectations.

Plenty More to Prove

Himax management still has more to prove to permanently win back its investors. The company's 3D sensing in smartphones failed and it has no real revenue from LCoS. Until Microsoft (NASDAQ:MSFT) sells the Hololens 3D wearable and Google Glass takes off in industrial, HIMX stock could fall again.

For the full-year, Himax will probably still lose a few cents in EPS. Investors still get no dividend, which was cut last year, and its new initiatives failed. For this quarter and the full year 2020, Himax must report revenue growth from new business sources. If it fails to do so, the rally will prove short-lived and long-time investors will sell the stock to minimize further losses.

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.