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 $10.96 down -1.17% from its previous closing price of $11.09. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 1.76 million shares were traded. HLIT stock price reached its highest trading level at $11.155 during the session, while it also had its lowest trading level at $10.825.
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 21.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 129.10. 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:
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 1276960512 and an Enterprise Value of 1370099200. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.04, and their Forward P/E ratio for the next fiscal year is 12.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.02 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 2.197 whereas that against EBITDA is 21.098.
Stock Price History:
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 -20.74%, while the 200-Day Moving Average is calculated to be -13.09%.
Shares Statistics:
For the past three months, HLIT has traded an average of 1.10M shares per day and 1955180 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 95.35% stake in the company. Shares short for HLIT as of 1728950400 were 3667099 with a Short Ratio of 3.34, compared to 1726185600 on 4226999. Therefore, it implies a Short% of Shares Outstanding of 3667099 and a Short% of Float of 3.81.
