Harmonic, Inc [HLIT] stock is trading at $10.61, up 1.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HLIT shares have gain 12.63% over the last week, with a monthly amount drifted -14.44%, and not seem to be holding up well over a long-time horizon.
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.
Harmonic, Inc [HLIT] stock has fluctuated between $8.42 and $15.46 over the past year. Currently, Wall Street analysts expect the stock to reach $14.25 within the next 12 months. Harmonic, Inc [NASDAQ: HLIT] shares were valued at $10.61 at the most recent close of the market. An investor can expect a potential return of 34.31% based on the average HLIT price forecast.
Analyzing the HLIT fundamentals
Harmonic, Inc [NASDAQ:HLIT] reported sales of 678.72M for the trailing twelve months, which represents a growth of 32.96%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 10.40 points at the first support level, and at 10.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.83, and for the 2nd resistance point, it is at 11.05.
Ratios To Look Out For
For context, Harmonic, Inc’s Current Ratio is 2.17. In addition, the Quick Ratio stands at 1.79 and the Cash Ratio stands at 0.61. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 2.66 and price to earnings (TTM) ratio is 32.35.
Transactions by insiders
Recent insider trading involved KRALL DAVID, Director, that happened on Feb 13 ’25 when 10000.0 shares were purchased. President and CEO, Ben-Natan Nimrod completed a deal on Feb 13 ’25 to buy 7780.0 shares. Meanwhile, Chief Financial Officer Jankovic Walter bought 12000.0 shares on Feb 12 ’25.
