Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Harmonic, Inc. (NASDAQ: HLIT) was $11.75 for the day, down -2.41% from the previous closing price of $12.04. In other words, the price has decreased by -$2.41 from its previous closing price. On the day, 1.82 million shares were traded. HLIT stock price reached its highest trading level at $12.11 during the session, while it also had its lowest trading level at $11.705.
Ratios:
Our analysis of HLIT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.21. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.38 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 02 ’24 when Graham Ian sold 52,730 shares for $10.95 per share. The transaction valued at 577,430 led to the insider holds 63,616 shares of the business.
Haltmayer Neven sold 14,747 shares of HLIT for $201,676 on Feb 16 ’24. The SVP, Video R&D now owns 156,559 shares after completing the transaction at $13.68 per share. On Feb 05 ’24, another insider, Ben-Natan Nimrod, who serves as the SVP & GM, Broadband Business of the company, sold 100,000 shares for $12.91 each. As a result, the insider received 1,291,120 and left with 302,214 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 1369368448 and an Enterprise Value of 1439476736. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.33, and their Forward P/E ratio for the next fiscal year is 11.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 3.21. Its current Enterprise Value per Revenue stands at 2.515 whereas that against EBITDA is 60.264.
Stock Price History:
Over the past 52 weeks, HLIT has reached a high of $15.39, while it has fallen to a 52-week low of $8.80. The 50-Day Moving Average of the stock is -0.59%, while the 200-Day Moving Average is calculated to be 0.53%.
Shares Statistics:
HLIT traded an average of 1.23M shares per day over the past three months and 1171870 shares per day over the past ten days. A total of 116.54M shares are outstanding, with a floating share count of 113.96M. Insiders hold about 2.22% of the company’s shares, while institutions hold 101.71% stake in the company. Shares short for HLIT as of 1721001600 were 5805996 with a Short Ratio of 4.73, compared to 1718323200 on 6995183. Therefore, it implies a Short% of Shares Outstanding of 5805996 and a Short% of Float of 6.02.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 6.0 analysts currently analyzing and rating the stock of Harmonic, Inc. (HLIT).On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.02, while EPS last year was $0.12. The consensus estimate for the next quarter is $0.19, with high estimates of $0.23 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.65 and $0.45 for the fiscal current year, implying an average EPS of $0.59. EPS for the following year is $0.99, with 5.0 analysts recommending between $1.2 and $0.75.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $136.4M to a low estimate of $130.33M. As of the current estimate, Harmonic, Inc.’s year-ago sales were $155.96MFor the next quarter, 5 analysts are estimating revenue of $177.83M. There is a high estimate of $188.8M for the next quarter, whereas the lowest estimate is $166.3M.
A total of 6 analysts have provided revenue estimates for HLIT’s current fiscal year. The highest revenue estimate was $672.9M, while the lowest revenue estimate was $627M, resulting in an average revenue estimate of $658.86M. In the same quarter a year ago, actual revenue was $607.91MBased on 5 analysts’ estimates, the company’s revenue will be $819.43M in the next fiscal year. The high estimate is $855.3M and the low estimate is $759.8M.
