Harmonic Inc. (HLIT) kicked off at the price of $14.35: Venture capitalists have an exciting new opportunity

Harmonic Inc. (NASDAQ: HLIT) kicked off on January 24, 2023, at the price of $14.63, down -0.97% from the previous trading day. During the day, the shares moved up to $14.63 and dropped to $14.28 before settling in for the closing price of $14.49. Over the past 52 weeks, HLIT has traded in a range of $8.25-$15.80.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 4.60%. While this was happening, its average annual earnings per share was recorded 141.40%. With a float of $102.58 million, this company’s outstanding shares have now reached $105.23 million.

Considering the fact that the conglomerate employs 962 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +48.75, operating margin of +3.84, and the pretax margin is +1.75.

Harmonic Inc. (HLIT) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Harmonic Inc. is 1.20%, while institutional ownership is 99.42%. The most recent insider transaction that took place on Dec 14, was worth 215,388. In this transaction President and CEO of this company sold 15,179 shares at a rate of $14.19, taking the stock ownership to the 483,642 shares. Before that another transaction happened on Dec 13, when Company’s President and CEO sold 69,090 for $13.35, making the entire transaction worth $922,075. This insider now owns 474,780 shares in total.

Harmonic Inc. (HLIT) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported $0.16 earnings per share (EPS), higher than consensus estimate (set at $0.09) by $0.07. This company achieved a net margin of +2.61 while generating a return on equity of 4.78. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 141.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.40% during the next five years compared to 16.40% growth over the previous five years of trading.

Harmonic Inc. (NASDAQ: HLIT) Trading Performance Indicators

Take a look at Harmonic Inc.’s (HLIT) current performance indicators. Last quarter, stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.47.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.74 in one year’s time.

Technical Analysis of Harmonic Inc. (HLIT)

Compared to the last year’s volume of 1.03 million, its volume of 0.84 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.18%. Additionally, its Average True Range was 0.48.

During the past 100 days, Harmonic Inc.’s (HLIT) raw stochastic average was set at 72.09%, which indicates a significant increase from 51.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.74% in the past 14 days, which was lower than the 50.75% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.02, while its 200-day Moving Average is $11.55. Nevertheless, the first resistance level for the watch stands at $14.56 in the near term. At $14.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.91. If the price goes on to break the first support level at $14.21, it is likely to go to the next support level at $14.07. Now, if the price goes above the second support level, the third support stands at $13.86.

Harmonic Inc. (NASDAQ: HLIT) Key Stats

The company with the Market Capitalisation of 1.52 billion has total of 105,436K Shares Outstanding. Its annual sales at the moment are 507,150 K in contrast with the sum of 13,250 K annual income. Company’s last quarter sales were recorded 155,740 K and last quarter income was 8,740 K.


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