Harmonic, Inc. (NASDAQ: HLIT) on Tuesday, plunged -14.61% from the previous trading day ,before settling in for the closing price of $13.14. Within the past 52 weeks, HLIT’s price has moved between $8.80 and $18.43.
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Annual sales at Technology sector company grew by 9.65% over the past five years. The company achieved an average annual earnings per share of 54.05%. With a float of $108.90 million, this company’s outstanding shares have now reached $112.41 million.
Let’s look at the performance matrix of the company that is accounted for 1359 employees.
Harmonic, Inc. (HLIT) Insider Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Harmonic, Inc. is 2.69%, while institutional ownership is 109.08%. The most recent insider transaction that took place on Feb 16 ’24, was worth 201,676. In this transaction SVP, Video R&D of this company sold 14,747 shares at a rate of $13.68, taking the stock ownership to the 156,559 shares. Before that another transaction happened on Feb 05 ’24, when Company’s SVP & GM, Broadband Business sold 100,000 for $12.91, making the entire transaction worth $1,291,120. This insider now owns 302,214 shares in total.
Harmonic, Inc. (HLIT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 54.05% per share during the next fiscal year.
Harmonic, Inc. (NASDAQ: HLIT) Trading Performance Indicators
Harmonic, Inc. (HLIT) is currently performing well based on its current performance indicators. A quick ratio of 0.90 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.72, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.96 in one year’s time.
Technical Analysis of Harmonic, Inc. (HLIT)
Harmonic, Inc. (NASDAQ: HLIT) saw its 5-day average volume 2.05 million, a positive change from its year-to-date volume of 1.86 million. As of the previous 9 days, the stock’s Stochastic %D was 22.51%. Additionally, its Average True Range was 0.54.
During the past 100 days, Harmonic, Inc.’s (HLIT) raw stochastic average was set at 33.22%, which indicates a significant increase from 11.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.62% in the past 14 days, which was higher than the 46.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.02, while its 200-day Moving Average is $11.95. Nevertheless, the first resistance level for the watch stands at $12.09 in the near term. At $12.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.54. If the price goes on to break the first support level at $10.63, it is likely to go to the next support level at $10.04. Assuming the price breaks the second support level, the third support level stands at $9.18.
Harmonic, Inc. (NASDAQ: HLIT) Key Stats
Market capitalization of the company is 1.26 billion based on 111,909K outstanding shares. Right now, sales total 607,910 K and income totals 83,990 K. The company made 167,090 K in profit during its latest quarter, and 83,840 K in sales during its previous quarter.
