Harmonic, Inc (NASDAQ: HLIT) started the day on Thursday, with a price decrease of -4.23% at $11.09, before settling in for the price of $11.58 at the close. Taking a more long-term approach, HLIT posted a 52-week range of $9.10-$15.46.
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The company of the Technology sector’s yearbook sales growth during the past 5- year span was recorded 9.65%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 89.19%. This publicly-traded company’s shares outstanding now amounts to $116.33 million, simultaneously with a float of $112.53 million. The organization now has a market capitalization sitting at $1.29 billion. At the time of writing, stock’s 50-day Moving Average stood at $13.88, while the 200-day Moving Average is $12.62.
Harmonic, Inc (HLIT) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Communication Equipment Industry. Harmonic, Inc’s current insider ownership accounts for 3.26%, in contrast to 95.49% institutional ownership. Preceding that transaction, on Jul 31 ’24, Company’s SVP & Interim GM, Vid Business sold 40,000 for 14.41, making the whole transaction’s value amount to 576,480. This particular insider is now the holder of 122,211 in total.
Harmonic, Inc (HLIT) Earnings and Revenue Records
Harmonic, Inc’s EPS increase for this current 12-month fiscal period is 89.19% and is forecasted to reach 0.87 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 1.62. The Stock has managed to achieve an average true range (ATR) of 0.65. Alongside those numbers, its PE Ratio stands at $15.22, and its Beta score is 0.87. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.07. Similarly, its price to free cash flow for trailing twelve months is now 132.18.
In the same vein, HLIT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.73, a figure that is expected to reach 0.37 in the next quarter, and analysts are predicting that it will be 0.87 at the market close of one year from today.
Technical Analysis of Harmonic, Inc (HLIT)
If we take a close look at the recent performances of Harmonic, Inc (NASDAQ: HLIT), its last 5-days Average volume was 3.16 million that shows progress from its year to date volume of 1.53 million. During the previous 9 days, stock’s Stochastic %D was recorded 17.18% While, its Average True Range was 0.77.
Raw Stochastic average of Harmonic, Inc (HLIT) in the period of the previous 100 days is set at 13.89%, which indicates a major rise in contrast to 13.89% 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 123.77% that was higher than 63.11% volatility it exhibited in the past 100-days period.
