The stock of Harmonic Inc. (HLIT) has seen a -3.17% decrease in the past week, with a -11.06% drop in the past month, and a -8.40% decrease in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 3.26% for HLIT. The simple moving average for the last 20 days is -3.63% for HLIT stock, with a simple moving average of 1.69% for the last 200 days.
Is It Worth Investing in Harmonic Inc. (NASDAQ: HLIT) Right Now?
The price-to-earnings ratio for Harmonic Inc. (NASDAQ: HLIT) is above average at 49.96x, while the 36-month beta value is 0.94.
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The public float for HLIT is 102.58M, and currently, short sellers hold a 8.59% ratio of that floaft. The average trading volume of HLIT on March 16, 2023 was 1.22M shares.
HLIT) stock’s latest price update
Harmonic Inc. (NASDAQ: HLIT)’s stock price has increased by 2.03 compared to its previous closing price of 12.29. however, the company has experienced a -3.17% decrease in its stock price over the last five trading days.
Analysts’ Opinion of HLIT
The stock of Harmonic Inc. (HLIT) has seen a -3.17% decrease in the past week, with a -11.06% drop in the past month, and a -8.40% decrease in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 3.26% for HLIT. The simple moving average for the last 20 days is -3.63% for HLIT stock, with a simple moving average of 1.69% for the last 200 days.
Analysts’ Opinion of HLIT
Many brokerage firms have already submitted their reports for HLIT stocks, with Jefferies repeating the rating for HLIT by listing it as a “Buy.” The predicted price for HLIT in the upcoming period, according to Jefferies is $19 based on the research report published on January 09th of the current year 2023.
Rosenblatt, on the other hand, stated in their research note that they expect to see HLIT reach a price target of $15. The rating they have provided for HLIT stocks is “Buy” according to the report published on May 24th, 2022.
Barclays gave a rating of “Overweight” to HLIT, setting the target price at $11 in the report published on April 21st of the previous year.
HLIT Trading at -9.17% 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 -20.63% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -9.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.27% lower at present.
During the last 5 trading sessions, HLIT fell by -3.17%, which changed the moving average for the period of 200-days by +30.22% in comparison to the 20-day moving average, which settled at $12.95. In addition, Harmonic Inc. saw -4.27% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HLIT starting from HARSHMAN PATRICK, who sale 15,179 shares at the price of $14.19 back on Dec 14. After this action, HARSHMAN PATRICK now owns 483,642 shares of Harmonic Inc., valued at $215,388 using the latest closing price.
HARSHMAN PATRICK, the President and CEO of Harmonic Inc., sale 69,090 shares at $13.35 during a trade that took place back on Dec 13, which means that HARSHMAN PATRICK is holding 474,780 shares at $922,075 based on the most recent closing price.
Stock Fundamentals for HLIT
Equity return is now at value 9.30, with 4.00 for asset returns.
Conclusion
In a nutshell, Harmonic Inc. (HLIT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
