At the time of writing, Harmonic, Inc. [HLIT] stock is trading at $12.14, up 1.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HLIT shares have gain 5.02% over the last week, with a monthly amount drifted -1.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Harmonic, Inc. [NASDAQ: HLIT] stock has seen the most recent analyst activity on August 10, 2023, when Raymond James upgraded its rating to a Strong Buy and also boosted its price target to $16 from $15. Previously, Jefferies upgraded its rating to Buy on January 09, 2023, and elevated its price target to $19. On May 24, 2022, Rosenblatt initiated with a Buy rating and assigned a price target of $15 on the stock. Barclays upgraded its rating to a Overweight but stick to its price target of $11 on April 21, 2022. Needham initiated its recommendation with a Buy and recommended $9.50 as its price target on June 22, 2021. JP Morgan downgraded its rating to Neutral for this stock on June 01, 2020, but kept the price target unchanged to $6. In a note dated May 22, 2020, Barclays initiated an Equal Weight rating and provided a target price of $6 on this stock.
For the past year, the stock price of Harmonic, Inc. fluctuated between $8.80 and $16.39. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Harmonic, Inc. [NASDAQ: HLIT] shares were valued at $12.14 at the most recent close of the market. An investor can expect a potential return of 40.03% based on the average HLIT price forecast.
Analyzing the HLIT fundamentals
According to Harmonic, Inc. [NASDAQ:HLIT], the company’s sales were 572.32M for trailing twelve months, which represents an -22.57% plunge. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.19 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.85 points at the first support level, and at 11.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.04, and for the 2nd resistance point, it is at 12.12.
Ratios To Look Out For
It is important to note that Harmonic, Inc. [NASDAQ:HLIT] has a current ratio of 1.09. As well, the Quick Ratio is 0.78, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 3.32 and price to earnings (TTM) ratio is 19.97.
Transactions by insiders
Recent insider trading involved Graham Ian, SVP, Global Sales & Video Svcs, that happened on May 02 ’24 when 52730.0 shares were sold. SVP, Video R&D, Haltmayer Neven completed a deal on Feb 16 ’24 to sell 14747.0 shares. Meanwhile, SVP & GM, Broadband Business Ben-Natan Nimrod sold 100000.0 shares on Feb 05 ’24.
