Currently, Harmonic, Inc [HLIT] is trading at $11.63, up 4.59%. 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 4.77% over the last week, with a monthly amount drifted -12.16%, 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 October 29, 2024, when Raymond James downgraded its rating to a Outperform and also revised its price target to $14 from $17. Previously, Jefferies downgraded its rating to Hold on October 29, 2024. On August 10, 2023, upgrade upgraded it’s rating to Strong Buy and revised its price target to $16 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $19 on January 09, 2023. Rosenblatt initiated its recommendation with a Buy and recommended $15 as its price target on May 24, 2022. Barclays upgraded its rating to Overweight for this stock on April 21, 2022, but kept the price target unchanged to $11. In a note dated June 22, 2021, Needham initiated an Buy rating and provided a target price of $9.50 on this stock.
This stock has fluctuated between a low of $9.10 and a high of $15.46 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $15.38 within the next 12 months. Harmonic, Inc [NASDAQ: HLIT] shares were valued at $11.63 at the most recent close of the market. An investor can expect a potential return of 32.24% based on the average HLIT price forecast.
Analyzing the HLIT fundamentals
Trailing Twelve Months sales for Harmonic, Inc [NASDAQ:HLIT] were 623.65M which represents 53.89% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.2 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 11.19 points at the first support level, and at 10.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.91, and for the 2nd resistance point, it is at 12.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Harmonic, Inc [NASDAQ:HLIT] is 2.08. As well, the Quick Ratio is 1.62, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 3.16 and price to earnings (TTM) ratio is 15.96.
Transactions by insiders
Recent insider trading involved HARSHMAN PATRICK, Officer, that happened on Aug 19 ’24 when 26160.0 shares were purchased. SVP & Interim GM, Vid Business, Haltmayer Neven completed a deal on Jul 31 ’24 to sell 40000.0 shares. Meanwhile, Officer Graham Ian bought 60122.0 shares on Jul 31 ’24.
