Harmonic, Inc. (NASDAQ: HLIT) closed the day trading at $10.56 down -3.21% from the previous closing price of $10.91. On the day, 3287672 shares were traded.
Ratios:
For a better understanding of HLIT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 0.36 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:
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 Feb 16 ’24 when Haltmayer Neven sold 14,747 shares for $13.68 per share. The transaction valued at 201,676 led to the insider holds 156,559 shares of the business.
Ben-Natan Nimrod sold 100,000 shares of HLIT for $1,291,120 on Feb 05 ’24. The SVP & GM, Broadband Business now owns 302,214 shares after completing the transaction at $12.91 per share. On Feb 02 ’24, another insider, Haltmayer Neven, who serves as the SVP, Video R&D of the company, sold 10,558 shares for $13.11 each. As a result, the insider received 138,462 and left with 171,306 shares of the company.
Valuation Measures:
As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.61, and their Forward P/E ratio for the next fiscal year is 11.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 2.72.
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.
Shares Statistics:
A total of 112.41M shares are outstanding, with a floating share count of 108.90M. Insiders hold about 2.69% of the company’s shares, while institutions hold 109.11% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from iShares Lithium Miners and Prod analysts. The consensus estimate for the next quarter is $205.10, with high estimates of $44.08 and low estimates of $10.56.
EPS for the following year is $Stocks, with Stocks analysts recommending between $ETF and $Stocks.
