Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Harmonic, Inc (NASDAQ: HLIT) closed at $10.06 up 2.76% from its previous closing price of $9.79. In other words, the price has increased by $2.76 from its previous closing price. On the day, 2.58 million shares were traded. HLIT stock price reached its highest trading level at $10.47 during the session, while it also had its lowest trading level at $9.995.
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 11.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.37. 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.
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:
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 13 ’25 when KRALL DAVID bought 10,000 shares for $9.78 per share. The transaction valued at 97,830 led to the insider holds 163,490 shares of the business.
Ben-Natan Nimrod bought 7,780 shares of HLIT for $75,061 on Feb 13 ’25. The President and CEO now owns 347,797 shares after completing the transaction at $9.65 per share. On Feb 12 ’25, another insider, Jankovic Walter, who serves as the Chief Financial Officer of the company, bought 12,000 shares for $9.44 each. As a result, the insider paid 113,280 and bolstered with 46,129 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 1174354176 and an Enterprise Value of 1224409984. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.67, and their Forward P/E ratio for the next fiscal year is 10.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.73 while its Price-to-Book (P/B) ratio in mrq is 2.52. Its current Enterprise Value per Revenue stands at 1.804 whereas that against EBITDA is 11.642.
Stock Price History:
The Beta on a monthly basis for HLIT is 0.86, which has changed by -0.25204462 over the last 52 weeks, in comparison to a change of 0.22894537 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 -18.46%, while the 200-Day Moving Average is calculated to be -20.32%.
Shares Statistics:
For the past three months, HLIT has traded an average of 1.16M shares per day and 2144820 over the past ten days. A total of 116.73M shares are outstanding, with a floating share count of 112.66M. Insiders hold about 3.32% of the company’s shares, while institutions hold 94.50% stake in the company. Shares short for HLIT as of 1738281600 were 2428410 with a Short Ratio of 2.10, compared to 1735603200 on 3049157. Therefore, it implies a Short% of Shares Outstanding of 2428410 and a Short% of Float of 2.5100000000000002.
