The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Harmonic, Inc (NASDAQ: HLIT) closed at $9.42 down -15.29% from its previous closing price of $11.12. In other words, the price has decreased by -$15.29 from its previous closing price. On the day, 7.07 million shares were traded. HLIT stock price reached its highest trading level at $9.99 during the session, while it also had its lowest trading level at $8.42.
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 10.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 2.18. 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 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 1099643648 and an Enterprise Value of 1388743680. As of this moment, Harmonic,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.07, and their Forward P/E ratio for the next fiscal year is 9.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 2.227 whereas that against EBITDA is 21.385.
Stock Price History:
The Beta on a monthly basis for HLIT is 0.86, which has changed by -0.20854092 over the last 52 weeks, in comparison to a change of 0.21313763 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 $9.10. The 50-Day Moving Average of the stock is -24.74%, while the 200-Day Moving Average is calculated to be -25.34%.
Shares Statistics:
For the past three months, HLIT has traded an average of 1.03M shares per day and 1155400 over the past ten days. A total of 116.73M shares are outstanding, with a floating share count of 112.36M. Insiders hold about 3.58% of the company’s shares, while institutions hold 90.13% stake in the company. Shares short for HLIT as of 1736899200 were 2939525 with a Short Ratio of 2.86, compared to 1734048000 on 3101423. Therefore, it implies a Short% of Shares Outstanding of 2939525 and a Short% of Float of 3.05.
Earnings Estimates
The market rating of Harmonic, Inc (HLIT) is currently shaped by the ongoing analysis conducted by 6.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.1, with high estimates of $0.2 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.69 and $0.54 for the fiscal current year, implying an average EPS of $0.58. EPS for the following year is $0.97, with 5.0 analysts recommending between $1.22 and $0.82.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $139.83M this quarter.It ranges from a high estimate of $177.3M to a low estimate of $127.2M. As of the current estimate, Harmonic, Inc’s year-ago sales were $122.06MFor the next quarter, 4 analysts are estimating revenue of $147.17M. There is a high estimate of $176.9M for the next quarter, whereas the lowest estimate is $128.1M.
A total of 4 analysts have provided revenue estimates for HLIT’s current fiscal year. The highest revenue estimate was $724.1M, while the lowest revenue estimate was $613.99M, resulting in an average revenue estimate of $641.82M. In the same quarter a year ago, actual revenue was $678.72MBased on 3 analysts’ estimates, the company’s revenue will be $743.86M in the next fiscal year. The high estimate is $775.4M and the low estimate is $713.3M.
