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The closing price of Harmonic, Inc (NASDAQ: HLIT) was $12.40 for the day, up 0.65% from the previous closing price of $12.32. In other words, the price has increased by $0.65 from its previous closing price. On the day, 0.9 million shares were traded. HLIT stock price reached its highest trading level at $12.44 during the session, while it also had its lowest trading level at $12.02.
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 24.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 148.05. 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:
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 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 1444947200 and an Enterprise Value of 1537899776. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.01, and their Forward P/E ratio for the next fiscal year is 14.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 3.37. Its current Enterprise Value per Revenue stands at 2.466 whereas that against EBITDA is 23.682.
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 -7.64%, while the 200-Day Moving Average is calculated to be -1.85%.
Shares Statistics:
HLIT traded an average of 1.11M shares per day over the past three months and 1209830 shares per day over the past ten days. A total of 116.53M shares are outstanding, with a floating share count of 112.72M. Insiders hold about 3.27% of the company’s shares, while institutions hold 93.85% stake in the company. Shares short for HLIT as of 1730332800 were 4008231 with a Short Ratio of 3.60, compared to 1727654400 on 3684518. Therefore, it implies a Short% of Shares Outstanding of 4008231 and a Short% of Float of 4.16.
Earnings Estimates
As of right now, 6.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.15, with high estimates of $0.2 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.73 and $0.67 for the fiscal current year, implying an average EPS of $0.7. EPS for the following year is $0.93, with 6.0 analysts recommending between $1.08 and $0.75.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $213.6M to a low estimate of $210.2M. As of the current estimate, Harmonic, Inc’s year-ago sales were $167.09MFor the next quarter, 4 analysts are estimating revenue of $149.39M. There is a high estimate of $177.3M for the next quarter, whereas the lowest estimate is $122.06M.
A total of 4 analysts have provided revenue estimates for HLIT’s current fiscal year. The highest revenue estimate was $670.2M, while the lowest revenue estimate was $666.8M, resulting in an average revenue estimate of $669.04M. In the same quarter a year ago, actual revenue was $607.91MBased on 4 analysts’ estimates, the company’s revenue will be $720.73M in the next fiscal year. The high estimate is $745.1M and the low estimate is $695M.
