At the time of writing, Harmonic, Inc [HLIT] stock is trading at $10.52, down -1.22%. 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 7.46% over the last week, with a monthly amount drifted -14.33%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Raymond James downgraded its rating to Outperform on October 29, 2024, and dropped its price target to $14. On October 29, 2024, downgrade downgraded it’s rating to Hold. Raymond James upgraded its rating to a Strong Buy and increased its price target to $16 on August 10, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $19 on January 09, 2023. Rosenblatt started tracking with a Buy rating for this stock on May 24, 2022, and assigned it a price target of $15. In a note dated April 21, 2022, Barclays upgraded an Overweight rating on this stock but restated the target price of $11.
For the past year, the stock price of Harmonic, Inc fluctuated between $8.42 and $15.46. Currently, Wall Street analysts expect the stock to reach $14.25 within the next 12 months. Harmonic, Inc [NASDAQ: HLIT] shares were valued at $10.52 at the most recent close of the market. An investor can expect a potential return of 35.46% based on the average HLIT price forecast.
Analyzing the HLIT fundamentals
According to Harmonic, Inc [NASDAQ:HLIT], the company’s sales were 678.72M for trailing twelve months, which represents an 32.96% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 10.41 points at the first support level, and at 10.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.73, and for the 2nd resistance point, it is at 10.93.
Ratios To Look Out For
It is important to note that Harmonic, Inc [NASDAQ:HLIT] has a current ratio of 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 1.81, the price to book ratio is 2.64 and price to earnings (TTM) ratio is 32.07.
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.
