Currently, Harmonic, Inc [HLIT] is trading at $10.36, up 0.48%. An important factor to consider is whether the stock is rising or falling in short-term value. The HLIT shares have gain 3.08% over the last week, with a monthly amount drifted -8.72%, 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.
This stock has fluctuated between a low of $8.42 and a high of $15.46 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $14.25 within the next 12 months. Harmonic, Inc [NASDAQ: HLIT] shares were valued at $10.36 at the most recent close of the market. An investor can expect a potential return of 37.55% based on the average HLIT price forecast.
Analyzing the HLIT fundamentals
Trailing Twelve Months sales for Harmonic, Inc [NASDAQ:HLIT] were 678.72M which represents 32.96% growth. 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 10.16 points at the first support level, and at 9.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.64, and for the 2nd resistance point, it is at 10.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Harmonic, Inc [NASDAQ:HLIT] is 2.17. On the other hand, the Quick Ratio is 1.79, and the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 2.60 and price to earnings (TTM) ratio is 31.59.
Transactions by insiders
Recent insider trading involved Whalen Daniel T, Director, that happened on Feb 25 ’25 when 1000.0 shares were purchased. Director, Whalen Daniel T completed a deal on Feb 24 ’25 to buy 3000.0 shares. Meanwhile, Director KRALL DAVID bought 10000.0 shares on Feb 13 ’25.
