Witnessing the stock’s movement on the chart, on Wednesday, Harmonic, Inc. (NASDAQ: HLIT) had a quiet start as it plunged -1.96% to $10.03, before settling in for the price of $10.23 at the close. Taking a more long-term approach, HLIT posted a 52-week range of $8.80-$18.43.
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The Technology sector firm’s twelve-monthly sales growth has been 9.65% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is 51.35%. This publicly-traded company’s shares outstanding now amounts to $112.41 million, simultaneously with a float of $108.90 million. The organization now has a market capitalization sitting at $1.12 billion. At the time of writing, stock’s 50-day Moving Average stood at $12.80, while the 200-day Moving Average is $11.77.
Harmonic, Inc. (HLIT) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Communication Equipment industry. Harmonic, Inc.’s current insider ownership accounts for 2.69%, in contrast to 109.10% institutional ownership. According to the most recent insider trade that took place on Feb 16 ’24, this organization’s SVP, Video R&D sold 14,747 shares at the rate of 13.68, making the entire transaction reach 201,676 in total value, affecting insider ownership by 156,559. Preceding that transaction, on Feb 05 ’24, Company’s SVP & GM, Broadband Business sold 100,000 for 12.91, making the whole transaction’s value amount to 1,291,120. This particular insider is now the holder of 302,214 in total.
Harmonic, Inc. (HLIT) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 10.03 per share during the current fiscal year.
Harmonic, Inc.’s EPS increase for this current 12-month fiscal period is 51.35% and is forecasted to reach 0.93 in the upcoming year.
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 0.90. The Stock has managed to achieve an average true range (ATR) of 0.49. Alongside those numbers, its PE Ratio stands at $13.87, and its Beta score is 0.91. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.85.
In the same vein, HLIT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.72, a figure that is expected to reach -0.01 in the next quarter, and analysts are predicting that it will be 0.93 at the market close of one year from today.
Technical Analysis of Harmonic, Inc. (HLIT)
Going through the that latest performance of [Harmonic, Inc., HLIT]. Its last 5-days volume of 2.5 million indicated improvement to the volume of 1.95 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 2.40% While, its Average True Range was 0.50.
Raw Stochastic average of Harmonic, Inc. (HLIT) in the period of the previous 100 days is set at 6.33%, which indicates a major rise in contrast to 1.35% 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 64.07% that was higher than 46.39% volatility it exhibited in the past 100-days period.
