The price-to-earnings ratio for Harmonic Inc. (NASDAQ: HLIT) is above average at 52.96x, while the 36-month beta value is 0.90.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Harmonic Inc. (HLIT) is $18.33, which is $8.48 above the current market price. The public float for HLIT is 109.05M, and currently, short sellers hold a 5.90% ratio of that floaft. The average trading volume of HLIT on September 19, 2023 was 1.74M shares.
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HLIT) stock’s latest price update
Harmonic Inc. (NASDAQ: HLIT)’s stock price has increased by 1.44 compared to its previous closing price of 9.71. However, the company has seen a -2.09% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-15 that In the dynamic world of stock markets, the quest for financial prosperity often leads investors on a journey filled with opportunities and risks. For those aspiring to join the ranks of millionaires, strategic investments in stocks to buy can be the key to realizing their dreams.
HLIT’s Market Performance
Harmonic Inc. (HLIT) has seen a -2.09% fall in stock performance for the week, with a -3.43% decline in the past month and a -45.25% plunge in the past quarter. The volatility ratio for the week is 4.11%, and the volatility levels for the past 30 days are at 3.13% for HLIT. The simple moving average for the last 20 days is -4.07% for HLIT stock, with a simple moving average of -30.15% for the last 200 days.
Analysts’ Opinion of HLIT
Many brokerage firms have already submitted their reports for HLIT stocks, with Raymond James repeating the rating for HLIT by listing it as a “Strong Buy.” The predicted price for HLIT in the upcoming period, according to Raymond James is $16 based on the research report published on August 10, 2023 of the current year 2023.
HLIT Trading at -19.00% from the 50-Day Moving Average
After a stumble in the market that brought HLIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.55% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares sank -7.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.86% lower at present.
During the last 5 trading sessions, HLIT fell by -2.09%, which changed the moving average for the period of 200-days by -33.40% in comparison to the 20-day moving average, which settled at $10.23. In addition, Harmonic Inc. saw -24.81% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HLIT starting from HARSHMAN PATRICK, who sale 15,179 shares at the price of $14.19 back on Dec 14. After this action, HARSHMAN PATRICK now owns 483,642 shares of Harmonic Inc., valued at $215,388 using the latest closing price.
HARSHMAN PATRICK, the President and CEO of Harmonic Inc., sale 69,090 shares at $13.35 during a trade that took place back on Dec 13, which means that HARSHMAN PATRICK is holding 474,780 shares at $922,075 based on the most recent closing price.
Stock Fundamentals for HLIT
Current profitability levels for the company are sitting at:
- +7.90 for the present operating margin
- +48.67 for the gross margin
The net margin for Harmonic Inc. stands at +4.51. The total capital return value is set at 10.17, while invested capital returns managed to touch 7.07. Equity return is now at value 6.60, with 3.10 for asset returns.
Based on Harmonic Inc. (HLIT), the company’s capital structure generated 49.55 points at debt to equity in total, while total debt to capital is 33.13. Total debt to assets is 22.64, with long-term debt to equity ratio resting at 10.87. Finally, the long-term debt to capital ratio is 7.27.
When we switch over and look at the enterprise to sales, we see a ratio of 1.83, with the company’s debt to enterprise value settled at 0.10. The receivables turnover for the company is 5.93 and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In a nutshell, Harmonic Inc. (HLIT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.