On Friday, Harmonic, Inc. (NASDAQ: HLIT) opened lower -4.00% from the last session, before settling in for the closing price of $14.50. Price fluctuations for HLIT have ranged from $8.80 to $15.31 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 9.65% annually for the last half of the decade. Company’s average yearly earnings per share was noted 75.23% at the time writing. With a float of $113.96 million, this company’s outstanding shares have now reached $116.54 million.
In an organization with 1359 employees, it is important to assess its efficiency.
Harmonic, Inc. (HLIT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Harmonic, Inc. is 2.22%, while institutional ownership is 101.42%. The most recent insider transaction that took place on Jul 31 ’24, was worth 2,828,000. Before that another transaction happened on Jul 31 ’24, when Company’s Officer proposed sale 60,122 for $14.44, making the entire transaction worth $868,411.
Harmonic, Inc. (HLIT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 75.23% per share during the next fiscal year.
Harmonic, Inc. (NASDAQ: HLIT) Trading Performance Indicators
Check out the current performance indicators for Harmonic, Inc. (HLIT). In the past quarter, the stock posted a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.92. Likewise, its price to free cash flow for the trailing twelve months is 123.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.49, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.07 in one year’s time.
Technical Analysis of Harmonic, Inc. (HLIT)
Let’s dig in a bit further. During the last 5-days, its volume was 3.17 million. That was better than the volume of 1.73 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 73.68%. Additionally, its Average True Range was 0.57.
During the past 100 days, Harmonic, Inc.’s (HLIT) raw stochastic average was set at 77.62%, which indicates a significant increase from 61.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.15% in the past 14 days, which was higher than the 52.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.04, while its 200-day Moving Average is $11.79. However, in the short run, Harmonic, Inc.’s stock first resistance to watch stands at $14.27. Second resistance stands at $14.62. The third major resistance level sits at $14.86. If the price goes on to break the first support level at $13.68, it is likely to go to the next support level at $13.44. The third support level lies at $13.09 if the price breaches the second support level.
Harmonic, Inc. (NASDAQ: HLIT) Key Stats
There are currently 112,200K shares outstanding in the company with a market cap of 1.62 billion. Presently, the company’s annual sales total 607,910 K according to its annual income of 83,990 K. Last quarter, the company’s sales amounted to 122,060 K and its income totaled -8,090 K.
