Harmonic, Inc [HLIT] stock is trading at $9.92, up 1.54%. 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 4.53% over the last week, with a monthly amount glided 13.63%, 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 a Buy rating and provided a target price of $15 on this stock.
Harmonic, Inc [HLIT] stock has fluctuated between $7.80 and $15.46 over the past year. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Harmonic, Inc [NASDAQ: HLIT] shares were valued at $9.92 at the most recent close of the market. An investor can expect a potential drop of -19.35% based on the average HLIT price forecast.
Analyzing the HLIT fundamentals
Harmonic, Inc [NASDAQ:HLIT] reported sales of 689.08M for the trailing twelve months, which represents a drop of -0.51%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.15 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 9.80 points at the first support level, and at 9.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.00, and for the 2nd resistance point, it is at 10.08.
Ratios To Look Out For
For context, Harmonic, Inc’s Current Ratio is 1.99. As well, the Quick Ratio is 1.58, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 16.96.
Transactions by insiders
Recent insider trading involved Whalen Daniel T, Director, that happened on Aug 01 ’25 when 2000.0 shares were purchased. Director, Whalen Daniel T completed a deal on May 30 ’25 to buy 2000.0 shares. Meanwhile, Director Whalen Daniel T bought 1000.0 shares on Feb 25 ’25.
