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In the latest session, Harmonic, Inc. (NASDAQ: HLIT) closed at $13.73 down -1.15% from its previous closing price of $13.89. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 0.7 million shares were traded. HLIT stock price reached its highest trading level at $13.85 during the session, while it also had its lowest trading level at $13.55.
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 32.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 121.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.87. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.35.
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:
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 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 1614030080 and an Enterprise Value of 1702421120. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.26, and their Forward P/E ratio for the next fiscal year is 12.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 4.05. Its current Enterprise Value per Revenue stands at 3.067 whereas that against EBITDA is 92.107.
Stock Price History:
Over the past 52 weeks, HLIT has reached a high of $15.31, while it has fallen to a 52-week low of $8.80. The 50-Day Moving Average of the stock is -0.20%, while the 200-Day Moving Average is calculated to be 10.14%.
Shares Statistics:
For the past three months, HLIT has traded an average of 1.21M shares per day and 946690 over the past ten days. A total of 116.33M shares are outstanding, with a floating share count of 112.53M. Insiders hold about 3.26% of the company’s shares, while institutions hold 94.85% stake in the company. Shares short for HLIT as of 1726185600 were 4226999 with a Short Ratio of 3.50, compared to 1723680000 on 4437643. Therefore, it implies a Short% of Shares Outstanding of 4226999 and a Short% of Float of 4.3999999999999995.
