Analyzing Ratios: Harmonic, Inc. (HLIT)’s Financial Story Unveiled

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The price of Harmonic, Inc. (NASDAQ: HLIT) closed at $10.96 in the last session, up 1.01% from day before closing price of $10.85. In other words, the price has increased by $1.01 from its previous closing price. On the day, 1.01 million shares were traded. HLIT stock price reached its highest trading level at $11.045 during the session, while it also had its lowest trading level at $10.71.


We take a closer look at HLIT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.07.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on August 10, 2023, Upgraded its rating to Strong Buy and sets its target price to $16 from $15 previously.

On January 09, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $14.25 to $19.

On May 24, 2022, Rosenblatt started tracking the stock assigning a Buy rating and target price of $15.Rosenblatt initiated its Buy rating on May 24, 2022, with a $15 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 02 ’24 when Graham Ian sold 52,730 shares for $10.95 per share. The transaction valued at 577,430 led to the insider holds 63,616 shares of the business.

Haltmayer Neven sold 14,747 shares of HLIT for $201,676 on Feb 16 ’24. The SVP, Video R&D now owns 156,559 shares after completing the transaction at $13.68 per share. On Feb 05 ’24, another insider, Ben-Natan Nimrod, who serves as the SVP & GM, Broadband Business of the company, sold 100,000 shares for $12.91 each. As a result, the insider received 1,291,120 and left with 302,214 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HLIT now has a Market Capitalization of 1277300352 and an Enterprise Value of 1334588672. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.03, and their Forward P/E ratio for the next fiscal year is 11.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.23 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 2.332 whereas that against EBITDA is 55.873.

Stock Price History:

Over the past 52 weeks, HLIT has reached a high of $18.43, while it has fallen to a 52-week low of $8.80. The 50-Day Moving Average of the stock is -7.70%, while the 200-Day Moving Average is calculated to be -3.69%.

Shares Statistics:

According to the various share statistics, HLIT traded on average about 1.87M shares per day over the past 3-months and 3194470 shares per day over the past 10 days. A total of 116.54M shares are outstanding, with a floating share count of 113.41M. Insiders hold about 2.69% of the company’s shares, while institutions hold 105.80% stake in the company. Shares short for HLIT as of 1713139200 were 7621179 with a Short Ratio of 4.07, compared to 1710460800 on 7693330. Therefore, it implies a Short% of Shares Outstanding of 7621179 and a Short% of Float of 8.3000004.

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