Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Harmonic, Inc (NASDAQ: HLIT) closed at $10.34 up 0.10% from its previous closing price of $10.33. In other words, the price has increased by $0.10 from its previous closing price. On the day, 0.91 million shares were traded. HLIT stock price reached its highest trading level at $10.525 during the session, while it also had its lowest trading level at $10.22.
Ratios:
For a deeper understanding of Harmonic, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.10. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 2.17. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.29.
On October 29, 2024, Raymond James Downgraded its rating to Outperform which previously was Strong Buy and also lowered its target price recommendation from $17 to $14.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 25 ’25 when Whalen Daniel T bought 1,000 shares for $9.99 per share. The transaction valued at 9,990 led to the insider holds 9,840 shares of the business.
Whalen Daniel T bought 3,000 shares of HLIT for $30,459 on Feb 24 ’25. The Director now owns 8,840 shares after completing the transaction at $10.15 per share. On Feb 13 ’25, another insider, KRALL DAVID, who serves as the Director of the company, bought 10,000 shares for $9.78 each. As a result, the insider paid 97,830 and bolstered with 163,490 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 1210328064 and an Enterprise Value of 1257184768. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.52, and their Forward P/E ratio for the next fiscal year is 11.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 2.59. Its current Enterprise Value per Revenue stands at 1.852 whereas that against EBITDA is 11.953.
Stock Price History:
The Beta on a monthly basis for HLIT is 0.89, which has changed by -0.2160728 over the last 52 weeks, in comparison to a change of 0.08190584 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 $8.42. The 50-Day Moving Average of the stock is -6.22%, while the 200-Day Moving Average is calculated to be -17.28%.
Shares Statistics:
For the past three months, HLIT has traded an average of 1.29M shares per day and 1001620 over the past ten days. A total of 116.73M shares are outstanding, with a floating share count of 113.31M. Insiders hold about 3.20% of the company’s shares, while institutions hold 94.01% stake in the company. Shares short for HLIT as of 1740700800 were 2312638 with a Short Ratio of 1.80, compared to 1738281600 on 2428410. Therefore, it implies a Short% of Shares Outstanding of 2312638 and a Short% of Float of 2.39.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Current recommendations for the stock of the company come from 6.0 analysts. The consensus estimate for the next quarter is $0.09, with high estimates of $0.12 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.69 and $0.54 for the fiscal current year, implying an average EPS of $0.58. EPS for the following year is $0.94, with 5.0 analysts recommending between $1.22 and $0.82.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $127.51M this quarter.It ranges from a high estimate of $128M to a low estimate of $127.2M. As of the current estimate, Harmonic, Inc’s year-ago sales were $122.06MFor the next quarter, 4 analysts are estimating revenue of $138.02M. There is a high estimate of $145M for the next quarter, whereas the lowest estimate is $128.1M.
A total of 4 analysts have provided revenue estimates for HLIT’s current fiscal year. The highest revenue estimate was $615M, while the lowest revenue estimate was $613.99M, resulting in an average revenue estimate of $614.32M. In the same quarter a year ago, actual revenue was $678.72MBased on 3 analysts’ estimates, the company’s revenue will be $731.36M in the next fiscal year. The high estimate is $742.88M and the low estimate is $713.3M.
