At the time of writing, Harmonic, Inc [HLIT] stock is trading at $9.34, up 2.41%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HLIT shares have gain 0.43% over the last week, with a monthly amount glided 4.83%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On October 29, 2024, downgrade downgraded it’s rating to Outperform and revised its price target to $14 on the stock. Jefferies downgraded its rating to a Hold. Raymond James upgraded its rating to a Strong Buy and raised its price target to $16 on August 10, 2023. Jefferies upgraded its rating to Buy for this stock on January 09, 2023, and upped its price target to $19. In a note dated May 24, 2022, Rosenblatt initiated an Buy rating and provided a target price of $15 on this stock.
For the past year, the stock price of Harmonic, Inc fluctuated between $7.91 and $15.46. Currently, Wall Street analysts expect the stock to reach $15.38 within the next 12 months. Harmonic, Inc [NASDAQ: HLIT] shares were valued at $9.34 at the most recent close of the market. An investor can expect a potential return of 64.67% based on the average HLIT price forecast.
Analyzing the HLIT fundamentals
According to Harmonic, Inc [NASDAQ:HLIT], the company’s sales were 689.80M for trailing twelve months, which represents an 9.07% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It is important to note that Harmonic, Inc [NASDAQ:HLIT] has a current ratio of 2.06. Also, the Quick Ratio is 1.69, while the Cash Ratio stands at 0.9. Considering the valuation of this stock, the price to sales ratio is 1.53, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 20.72.
Transactions by insiders
Recent insider trading involved Whalen Daniel T, Director, that happened on May 30 ’25 when 2000.0 shares were purchased. Director, Whalen Daniel T completed a deal on Feb 25 ’25 to buy 1000.0 shares. Meanwhile, Director Whalen Daniel T bought 3000.0 shares on Feb 24 ’25.
