While Harmonic, Inc has underperformed by -1.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HLIT rose by 10.72%, with highs and lows ranging from $15.46 to $9.10, whereas the simple moving average fell by -4.26% in the last 200 days.
On October 29, 2024, Raymond James Downgraded Harmonic, Inc (NASDAQ: HLIT) to Outperform. A report published by Jefferies on October 29, 2024, Downgraded its rating to ‘Hold’ for HLIT. Raymond James also Upgraded HLIT shares as ‘Strong Buy’, setting a target price of $16 on the company’s shares in a report dated August 10, 2023. Jefferies January 09, 2023d the rating to Buy on January 09, 2023, and set its price target from $14.25 to $19. Rosenblatt initiated its ‘Buy’ rating for HLIT, as published in its report on May 24, 2022. Barclays’s report from April 21, 2022 suggests a price prediction of $11 for HLIT shares, giving the stock a ‘Overweight’ rating. Needham also rated the stock as ‘Buy’.
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Analysis of Harmonic, Inc (HLIT)
Further, the quarter-over-quarter increase in sales is 53.89%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Harmonic, Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 22.07% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.62, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and HLIT is recording an average volume of 1.12M. On a monthly basis, the volatility of the stock is set at 4.23%, whereas on a weekly basis, it is put at 4.17%, with a loss of -1.95% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.25, showing growth from the present price of $12.08, which can serve as yet another indication of whether HLIT is worth investing in or should be passed over.
How Do You Analyze Harmonic, Inc Shares?
Harmonic, Inc (HLIT) is based in the USA and is one of the most prominent companies operating in the Communication Equipment market. When comparing Harmonic, Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.58, there is a growth in quarterly earnings of 419.14%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.26%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HLIT shares are owned by institutional investors to the tune of 91.32% at present.
