Harmonic Inc. (NASDAQ:HLIT) went down by -4.57% from its latest closing price compared to the recent 1-year high of $8.57. The company’s stock price has collected -5.15% of loss in the last five trading sessions. Press Release reported on 10/26/20 that Harmonic Announces Third Quarter 2020 Results
Is It Worth Investing in Harmonic Inc. (NASDAQ :HLIT) Right Now?
Plus, the 36-month beta value for HLIT is at 0.94. Opinions of the stock are interesting as 4 analysts out of 8 who provided ratings for Harmonic Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $8.13, which is $1.65 above the current price. HLIT currently public float of 93.86M and currently shorts hold a 7.12% ratio of that float. Today, the average trading volume of HLIT was 763.61K shares.
HLIT’s Market Performance
HLIT stocks went down by -5.15% for the week, with a monthly jump of 9.70% and a quarterly performance of 5.75%, while its annual performance rate touched -20.76%. The volatility ratio for the week stands at 6.03% while the volatility levels for the past 30 days are set at 4.04% for Harmonic Inc.. The simple moving average for the period of the last 20 days is -1.20% for HLIT stocks with a simple moving average of 3.91% for the last 200 days.
Analysts’ Opinion of HLIT
Many brokerage firms have already submitted their reports for HLIT stocks, with JP Morgan repeating the rating for HLIT by listing it as a “Neutral.” The predicted price for HLIT in the upcoming period, according to JP Morgan is $6 based on the research report published on June 01st of the current year 2020.
Barclays, on the other hand, stated in their research note that they expect to see HLIT reach a price target of $6. The rating they have provided for HLIT stocks is “Equal Weight” according to the report published on May 22nd, 2020.
JP Morgan gave a rating of “Overweight” to HLIT, setting the target price at $9 in the report published on April 14th of the current year.
HLIT Trading at 3.78% from the 50-Day Moving Average
After a stumble in the market that brought HLIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.06% of loss for the given period.
Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 6.03%, as shares surge +10.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.64% lower at present.
During the last 5 trading sessions, HLIT fell by -5.15%, which changed the moving average for the period of 200-days by -24.26% in comparison to the 20-day moving average, which settled at $6.27. In addition, Harmonic Inc. saw -20.96% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HLIT starting from KRALL DAVID, who purchase 10,000 shares at the price of $5.94 back on Sep 02. After this action, KRALL DAVID now owns 71,284 shares of Harmonic Inc., valued at $59,400 using the latest closing price.
KRALL DAVID, the Director of Harmonic Inc., purchase 10,000 shares at $5.88 during a trade that took place back on Sep 01, which means that KRALL DAVID is holding 61,284 shares at $58,800 based on the most recent closing price.
Stock Fundamentals for HLIT
Current profitability levels for the company are sitting at:
- +4.37 for the present operating margin
- +54.92 for the gross margin
The net margin for Harmonic Inc. stands at -1.47. The total capital return value is set at 4.39, while invested capital returns managed to touch -1.61. Equity return is now at value -8.40, with -3.50 for asset returns.
Based on Harmonic Inc. (HLIT), the company’s capital structure generated 73.79 points at debt to equity in total, while total debt to capital is 42.46. Total debt to assets is 31.72, with long-term debt to equity ratio resting at 50.43. Finally, the long-term debt to capital ratio is 29.02.
When we switch over and look at the enterrpise to sales, we see a ratio of 1.97, with the company’s debt to enterprise value settled at 0.24. The receivables turnover for the company is 3.97 and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
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