As on May 18, 2023, Harmonic Inc. (NASDAQ: HLIT) got off with the flyer as it spiked 1.69% to $16.83. During the day, the stock rose to $16.85 and sunk to $16.3641 before settling in for the price of $16.55 at the close. Taking a more long-term approach, HLIT posted a 52-week range of $8.27-$16.60.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 11.80%. Meanwhile, its Annual Earning per share during the time was 18.10%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 100.90%. This publicly-traded company’s shares outstanding now amounts to $110.79 million, simultaneously with a float of $102.58 million. The organization now has a market capitalization sitting at $1.84 billion. At the time of writing, stock’s 50-day Moving Average stood at $14.40, while the 200-day Moving Average is $13.52.
While finding the extent of efficiency of the company that is accounted for 978 employees. It has generated 466,386 per worker during the last fiscal year. Meanwhile, its income per employee was 21,031. The stock had 5.93 Receivables turnover and 0.89 Total Asset turnover. For the Profitability, stocks gross margin was +48.67, operating margin was +7.90 and Pretax Margin of +7.12.
Harmonic Inc. (HLIT) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Communication Equipment industry. Harmonic Inc.’s current insider ownership accounts for 1.20%, in contrast to 97.73% institutional ownership. According to the most recent insider trade that took place on Dec 14, this organization’s President and CEO sold 15,179 shares at the rate of 14.19, making the entire transaction reach 215,388 in total value, affecting insider ownership by 483,642. Preceding that transaction, on Dec 13, Company’s President and CEO sold 69,090 for 13.35, making the whole transaction’s value amount to 922,075. This particular insider is now the holder of 474,780 in total.
Harmonic Inc. (HLIT) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.12 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.08) by $0.04. This company achieved a net margin of +4.51 while generating a return on equity of 9.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.
Harmonic Inc.’s EPS increase for this current 12-month fiscal period is 100.90% and is forecasted to reach 1.07 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 19.40% through the next 5 years, which can be compared against the 18.10% growth it accomplished over the previous five years trading on the market.
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 0.70. The Stock has managed to achieve an average true range (ATR) of 0.52. Alongside those numbers, its PE Ratio stands at $54.47, and its Beta score is 0.92. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.89. Similarly, its price to free cash flow for trailing twelve months is now 61.00.
In the same vein, HLIT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.31, a figure that is expected to reach 0.13 in the next quarter, and analysts are predicting that it will be 1.07 at the market close of one year from today.
Technical Analysis of Harmonic Inc. (HLIT)
Through scrutinizing the latest numbers posted by the [Harmonic Inc., HLIT], it can be observed that its last 5-days Average volume of 1.17 million was lower the volume of 1.38 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 97.17% While, its Average True Range was 0.52.
Raw Stochastic average of Harmonic Inc. (HLIT) in the period of the previous 100 days is set at 99.59%, which indicates a major rise in contrast to 99.44% 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 78.22% that was higher than 50.35% volatility it exhibited in the past 100-days period.
