Harmonic Inc. (NASDAQ: HLIT) established initial surge of 3.71% at $8.11, as the Stock market unbolted on May 03, 2021. During the day, the stock rose to $8.26 and sunk to $7.80 before settling in for the price of $7.82 at the close. Taking a more long-term approach, HLIT posted a 52-week range of $4.49-$9.20.
It was noted that the giant of the Technology sector posted annual sales growth of 0.10% over the last 5 years. Meanwhile, its Annual Earning per share during the time was -11.00%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -356.40%. This publicly-traded company’s shares outstanding now amounts to $98.02 million, simultaneously with a float of $94.21 million. The organization now has a market capitalization sitting at $859.66 million. At the time of writing, stock’s 50-day Moving Average stood at $8.04, while the 200-day Moving Average is $6.95.
It is quite fundamental to gauge the extent of the productivity of the business which is accounted for 1169 workers. It has generated 324,064 per worker during the last fiscal year. Meanwhile, its income per employee was -25,039. The stock had 4.08 Receivables turnover and 0.64 Total Asset turnover. For the Profitability, stocks gross margin was +50.97, operating margin was -2.38 and Pretax Margin of -6.92.
Harmonic Inc. (HLIT) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Harmonic Inc. industry. Harmonic Inc.’s current insider ownership accounts for 2.60%, in contrast to 90.20% institutional ownership. According to the most recent insider trade that took place on Apr 14, this organization’s SVP, Video R&D sold 80,000 shares at the rate of 9.00, making the entire transaction reach 720,000 in total value, affecting insider ownership by 160,789. Preceding that transaction, on Feb 24, Company’s President and CEO sold 106,502 for 8.14, making the whole transaction’s value amount to 867,352. This particular insider is now the holder of 1,092,082 in total.
Harmonic Inc. (HLIT) Earnings and Revenue Records
Going through the last 3-months fiscal report unveiled on the 12/30/2020, it has been observed that the corporation posted $0.2 earnings per share (EPS) during the time that was better the consensus figure (set at $0.15) by $0.05. This company achieved a net margin of -7.73 while generating a return on equity of -11.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
Harmonic Inc.’s EPS decrease for this current 12-month fiscal period is -356.40% and is forecasted to reach 0.41 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 19.40% through the next 5 years, which can be compared against the -11.00% growth it accomplished over the previous five years trading on the market.
Harmonic Inc. (NASDAQ: HLIT) Trading Performance Indicators
Let’s observe the current performance indicators for Harmonic Inc. (HLIT). It’s Quick Ratio in the last reported quarter now stands at 1.40. The Stock has managed to achieve an average true range (ATR) of 0.34. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.27. Similarly, its price to free cash flow for trailing twelve months is now 122.81.
In the same vein, HLIT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.31, a figure that is expected to reach 0.03 in the next quarter, and analysts are predicting that it will be 0.41 at the market close of one year from today.
Technical Analysis of Harmonic Inc. (HLIT)
Now, what If we examine the latest scores posted by [Harmonic Inc., HLIT]. During the last 5-days, its volume was lower the volume of 0.66 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 68.03% While, its Average True Range was 0.34.
Raw Stochastic average of Harmonic Inc. (HLIT) in the period of the previous 100 days is set at 57.42%, which indicates a major rise in contrast to 37.36% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 51.16% that was higher than 41.61% volatility it exhibited in the past 100-days period.