On Tuesday, Harmonic, Inc (NASDAQ: HLIT) opened lower -1.05% from the last session, before settling in for the closing price of $13.36. Price fluctuations for HLIT have ranged from $9.10 to $15.46 over the past 52 weeks.
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Annual sales at Technology sector company grew by 9.65% over the past five years. Company’s average yearly earnings per share was noted 89.19% at the time writing. With a float of $112.69 million, this company’s outstanding shares have now reached $116.51 million.
Let’s look at the performance matrix of the company that is accounted for 1359 employees. In terms of profitability, gross margin is 50.3%, operating margin of 6.96%, and the pretax margin is 1.71%.
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 3.29%, while institutional ownership is 91.37%. The most recent insider transaction that took place on Aug 19 ’24, was worth 359,700. Before that another transaction happened on Jul 31 ’24, when Company’s SVP & Interim GM, Vid Business sold 40,000 for $14.41, making the entire transaction worth $576,480. This insider now owns 122,211 shares in total.
Harmonic, Inc (HLIT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 89.19% 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 1.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.47. Likewise, its price to free cash flow for the trailing twelve months is 157.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.73, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 0.87 in one year’s time.
Technical Analysis of Harmonic, Inc (HLIT)
Harmonic, Inc (NASDAQ: HLIT) saw its 5-day average volume 1.29 million, a negative change from its year-to-date volume of 1.46 million. As of the previous 9 days, the stock’s Stochastic %D was 54.42%. Additionally, its Average True Range was 0.36.
During the past 100 days, Harmonic, Inc’s (HLIT) raw stochastic average was set at 55.86%, which indicates a significant decrease from 63.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.18% in the past 14 days, which was lower than the 63.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.93, while its 200-day Moving Average is $12.57. Nevertheless, the first resistance level for the watch stands at $13.34 in the near term. At $13.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.53. If the price goes on to break the first support level at $13.15, it is likely to go to the next support level at $13.07. The third support level lies at $12.96 if the price breaches the second support level.
Harmonic, Inc (NASDAQ: HLIT) Key Stats
There are currently 116,528K shares outstanding in the company with a market cap of 1.54 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 195,760 K and its income totaled 21,720 K.
