A new trading day began on Friday, with Harmonic, Inc. (NASDAQ: HLIT) stock price down -3.10% from the previous day of trading, before settling in for the closing price of $9.99. HLIT’s price has ranged from $8.80 to $18.43 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 9.65% over the past five years. Meanwhile, its annual earnings per share averaged 51.35%. 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of Harmonic, Inc. is 2.69%, while institutional ownership is 109.09%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 194.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 51.35% per share during the next fiscal year.
Harmonic, Inc. (NASDAQ: HLIT) Trading Performance Indicators
Here are Harmonic, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.78.
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 0.93 in one year’s time.
Technical Analysis of Harmonic, Inc. (HLIT)
Harmonic, Inc. (NASDAQ: HLIT) saw its 5-day average volume 1.9 million, a negative change from its year-to-date volume of 1.94 million. As of the previous 9 days, the stock’s Stochastic %D was 1.93%. Additionally, its Average True Range was 0.46.
During the past 100 days, Harmonic, Inc.’s (HLIT) raw stochastic average was set at 1.32%, which indicates a significant decrease from 1.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.22% in the past 14 days, which was higher than the 46.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.68, while its 200-day Moving Average is $11.71. Nevertheless, the first resistance level for the watch stands at $9.93 in the near term. At $10.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.33. If the price goes on to break the first support level at $9.53, it is likely to go to the next support level at $9.37. The third support level lies at $9.13 if the price breaches the second support level.
Harmonic, Inc. (NASDAQ: HLIT) Key Stats
With a market capitalization of 1.08 billion, the company has a total of 111,909K Shares Outstanding. Currently, annual sales are 607,910 K while annual income is 83,990 K. The company’s previous quarter sales were 167,090 K while its latest quarter income was 83,840 K.
