November 17, 2023, Harmonic, Inc. (NASDAQ: HLIT) trading session started at the price of $10.81, that was 3.17% jump from the session before. During the day, the shares moved up to $11.15 and dropped to $10.63 before settling in for the closing price of $10.72. A 52-week range for HLIT has been $8.80 – $18.43.
Annual sales at Technology sector company grew by 12.72% over the past five years. When this article was written, the company’s average yearly earnings per share was at -37.58%. With a float of $109.31 million, this company’s outstanding shares have now reached $109.87 million.
Let’s look at the performance matrix of the company that is accounted for 1340 employees. In terms of profitability, gross margin is +48.67, operating margin of +7.90, and the pretax margin is +7.12.
Harmonic, Inc. (HLIT) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Harmonic, Inc. stocks. The insider ownership of Harmonic, Inc. is 2.56%, while institutional ownership is 101.17%. 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) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0 earnings per share (EPS) during the time that was less than consensus figure (set at $0.01) by -$0.01. This company achieved a net margin of +4.51 while generating a return on equity of 9.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.58% per share during the next fiscal year.
Harmonic, Inc. (NASDAQ: HLIT) Trading Performance Indicators
You can see what Harmonic, Inc. (HLIT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.05. Likewise, its price to free cash flow for the trailing twelve months is 99.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.05, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.78 in one year’s time.
Technical Analysis of Harmonic, Inc. (HLIT)
Harmonic, Inc. (NASDAQ: HLIT) saw its 5-day average volume 1.16 million, a negative change from its year-to-date volume of 1.62 million. As of the previous 9 days, the stock’s Stochastic %D was 45.41%. Additionally, its Average True Range was 0.49.
During the past 100 days, Harmonic, Inc.’s (HLIT) raw stochastic average was set at 28.90%, which indicates a significant decrease from 82.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.25% in the past 14 days, which was lower than the 58.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.07, while its 200-day Moving Average is $13.21. Nevertheless, the first resistance level for the watch stands at $11.26 in the near term. At $11.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.78. If the price goes on to break the first support level at $10.74, it is likely to go to the next support level at $10.43. The third support level lies at $10.22 if the price breaches the second support level.
Harmonic, Inc. (NASDAQ: HLIT) Key Stats
There are 112,190K outstanding shares of the company, which has a market capitalization of 1.24 billion. As of now, sales total 624,960 K while income totals 28,180 K. Its latest quarter income was 127,200 K while its last quarter net income were -6,500 K.