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After finishing at $12.46 in the prior trading day, Harmonic, Inc (NASDAQ: HLIT) closed at $12.42, down -0.32%. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 0.63 million shares were traded. HLIT stock price reached its highest trading level at $12.64 during the session, while it also had its lowest trading level at $12.41.
Ratios:
Our goal is to gain a better understanding of HLIT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 148.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.32.
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 October 29, 2024, Downgraded its rating to Outperform and sets its target price to $14 from $17 previously.
Raymond James Upgraded its Outperform to Strong Buy on August 10, 2023, whereas the target price for the stock was revised from $15 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 19 ’24 when HARSHMAN PATRICK bought 26,160 shares for $13.75 per share.
Haltmayer Neven sold 40,000 shares of HLIT for $576,480 on Jul 31 ’24. The SVP & Interim GM, Vid Business now owns 122,211 shares after completing the transaction at $14.41 per share. On Jul 31 ’24, another insider, Graham Ian, who serves as the Officer of the company, bought 60,122 shares for $14.44 each.
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 1447277824 and an Enterprise Value of 1540230400. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.04, and their Forward P/E ratio for the next fiscal year is 14.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 3.37. Its current Enterprise Value per Revenue stands at 2.47 whereas that against EBITDA is 23.718.
Stock Price History:
The Beta on a monthly basis for HLIT is 0.91, which has changed by 0.08000004 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, HLIT has reached a high of $15.46, while it has fallen to a 52-week low of $9.10. The 50-Day Moving Average of the stock is -2.57%, while the 200-Day Moving Average is calculated to be -1.29%.
Shares Statistics:
The stock has traded on average 1.14M shares per day over the past 3-months and 888860 shares per day over the last 10 days, according to various share statistics. A total of 116.51M shares are outstanding, with a floating share count of 112.68M. Insiders hold about 3.30% of the company’s shares, while institutions hold 90.52% stake in the company. Shares short for HLIT as of 1735603200 were 3049157 with a Short Ratio of 2.68, compared to 1732838400 on 3396141. Therefore, it implies a Short% of Shares Outstanding of 3049157 and a Short% of Float of 3.1600002000000003.
