Harmonic, Inc (NASDAQ: HLIT) has a higher price-to-earnings ratio of 17.01x compared to its average ratio. HLIT has 36-month beta value of 0.90. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for HLIT is 112.72M, and currently, short sellers hold a 3.56% ratio of that float. The average trading volume of HLIT on November 15, 2024 was 1.11M shares.
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HLIT) stock’s latest price update
The stock price of Harmonic, Inc (NASDAQ: HLIT) has surged by 0.65 when compared to previous closing price of 12.32, but the company has seen a 3.77% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-07 that SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases, today announced that management will participate in the following upcoming conferences:
HLIT’s Market Performance
HLIT’s stock has risen by 3.77% in the past week, with a monthly drop of -13.29% and a quarterly drop of -11.30%. The volatility ratio for the week is 2.95% while the volatility levels for the last 30 days are 3.76% for Harmonic, Inc The simple moving average for the past 20 days is -2.92% for HLIT’s stock, with a -1.85% simple moving average for the past 200 days.
Analysts’ Opinion of HLIT
Many brokerage firms have already submitted their reports for HLIT stocks, with Raymond James repeating the rating for HLIT by listing it as a “Outperform.” The predicted price for HLIT in the upcoming period, according to Raymond James is $14 based on the research report published on October 29, 2024 of the current year 2024.
Raymond James gave a rating of “Strong Buy” to HLIT, setting the target price at $16 in the report published on August 10th of the previous year.
HLIT Trading at -7.64% 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 -19.79% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares sank -14.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.86% lower at present.
During the last 5 trading sessions, HLIT rose by +3.77%, which changed the moving average for the period of 200-days by +5.98% in comparison to the 20-day moving average, which settled at $12.77. In addition, Harmonic, Inc saw -4.91% 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 proposed sale 26,160 shares at the price of $13.75 back on Aug 19 ’24. After this action, HARSHMAN PATRICK now owns shares of Harmonic, Inc, valued at $359,700 using the latest closing price.
Haltmayer Neven, the SVP & Interim GM, Vid Business of Harmonic, Inc, sale 40,000 shares at $14.41 during a trade that took place back on Jul 31 ’24, which means that Haltmayer Neven is holding 122,211 shares at $576,480 based on the most recent closing price.
Stock Fundamentals for HLIT
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.5 for the gross margin
The net margin for Harmonic, Inc stands at 0.14. The total capital return value is set at 0.07. Equity return is now at value 22.07, with 11.85 for asset returns.
Based on Harmonic, Inc (HLIT), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 8.03.
Currently, EBITDA for the company is 41.12 million with net debt to EBITDA at 5.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.44. The receivables turnover for the company is 3.59for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.08.
Conclusion
To put it simply, Harmonic, Inc (HLIT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
