Harmonic, Inc (NASDAQ: HLIT) on Tuesday, soared 4.12% from the previous trading day, before settling in for the closing price of $9.96. Within the past 52 weeks, HLIT’s price has moved between $8.42 and $15.46.
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A company in the Technology sector has jumped its sales by 12.01% annually for the last half of the decade. The company achieved an average annual earnings per share of -25.64%. With a float of $113.29 million, this company’s outstanding shares have now reached $116.73 million.
In an organization with 1240 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 52.98%, operating margin of 12.77%, and the pretax margin is 8.54%.
Harmonic, Inc (HLIT) Insider Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Harmonic, Inc is 3.21%, while institutional ownership is 94.03%. The most recent insider transaction that took place on Feb 25 ’25, was worth 9,990. In this transaction Director of this company bought 1,000 shares at a rate of $9.99, taking the stock ownership to the 9,840 shares. Before that another transaction happened on Feb 24 ’25, when Company’s Director bought 3,000 for $10.15, making the entire transaction worth $30,459. This insider now owns 8,840 shares in total.
Harmonic, Inc (HLIT) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.64% per share during the next fiscal year.
Harmonic, Inc (NASDAQ: HLIT) Trading Performance Indicators
Harmonic, Inc (HLIT) is currently performing well based on its current performance indicators. A quick ratio of 1.79 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79. Likewise, its price to free cash flow for the trailing twelve months is 23.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.33, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.94 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 1.25 million. That was inferior than the volume of 1.41 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.03%. Additionally, its Average True Range was 0.42.
During the past 100 days, Harmonic, Inc’s (HLIT) raw stochastic average was set at 27.70%, which indicates a significant decrease from 52.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.06% in the past 14 days, which was lower than the 61.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.45, while its 200-day Moving Average is $12.55. However, in the short run, Harmonic, Inc’s stock first resistance to watch stands at $10.54. Second resistance stands at $10.70. The third major resistance level sits at $10.99. If the price goes on to break the first support level at $10.09, it is likely to go to the next support level at $9.80. Assuming the price breaks the second support level, the third support level stands at $9.64.
Harmonic, Inc (NASDAQ: HLIT) Key Stats
Market capitalization of the company is 1.21 billion based on 117,053K outstanding shares. Right now, sales total 678,720 K and income totals 39,220 K. The company made 222,170 K in profit during its latest quarter, and 38,120 K in sales during its previous quarter.
