A new trading day began on Monday, with Harmonic, Inc. (NASDAQ: HLIT) stock price down -2.41% from the previous day of trading, before settling in for the closing price of $12.04. HLIT’s price has ranged from $8.80 to $15.39 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.65%. Meanwhile, its annual earnings per share averaged 65.32%. With a float of $113.96 million, this company’s outstanding shares have now reached $116.54 million.
Let’s determine the extent of company efficiency that accounts for 1359 employees.
Harmonic, Inc. (HLIT) Breakdown of a Key Holders of the stock
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 2.22%, while institutional ownership is 101.71%. The most recent insider transaction that took place on May 02 ’24, was worth 577,430. In this transaction SVP, Global Sales & Video Svcs of this company sold 52,730 shares at a rate of $10.95, taking the stock ownership to the 63,616 shares. Before that another transaction happened on Feb 16 ’24, when Company’s SVP, Video R&D sold 14,747 for $13.68, making the entire transaction worth $201,676. This insider now owns 156,559 shares in total.
Harmonic, Inc. (HLIT) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 65.32% 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 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.39. Likewise, its price to free cash flow for the trailing twelve months is 71.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.61, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 1.01 in one year’s time.
Technical Analysis of Harmonic, Inc. (HLIT)
Looking closely at Harmonic, Inc. (NASDAQ: HLIT), its last 5-days average volume was 1.26 million, which is a drop from its year-to-date volume of 1.68 million. As of the previous 9 days, the stock’s Stochastic %D was 8.69%. Additionally, its Average True Range was 0.31.
During the past 100 days, Harmonic, Inc.’s (HLIT) raw stochastic average was set at 57.86%, which indicates a significant increase from 4.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.07% in the past 14 days, which was lower than the 42.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.83, while its 200-day Moving Average is $11.70. However, in the short run, Harmonic, Inc.’s stock first resistance to watch stands at $12.01. Second resistance stands at $12.26. The third major resistance level sits at $12.42. If the price goes on to break the first support level at $11.60, it is likely to go to the next support level at $11.44. Now, if the price goes above the second support level, the third support stands at $11.19.
Harmonic, Inc. (NASDAQ: HLIT) Key Stats
With a market capitalization of 1.37 billion, the company has a total of 112,200K Shares Outstanding. Currently, annual sales are 607,910 K while annual income is 83,990 K. The company’s previous quarter sales were 122,060 K while its latest quarter income was -8,090 K.
