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Harmonic, Inc. (HLIT) Review – Making Smarter Decisions

Harmonic, Inc. (NASDAQ: HLIT) is -7.67% lower on its value in year-to-date trading and has touched a low of $8.80 and a high of $16.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HLIT stock was last observed hovering at around $12.04 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $12.04, the stock is 4.03% and 5.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 0.00% at the moment leaves the stock 4.68% off its SMA200. HLIT registered -24.23% loss for a year compared to 6-month loss of -5.57%.

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The stock witnessed a 4.79% gain in the last 1 month and extending the period to 3 months gives it a 7.31%, and is 1.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.68% over the week and 2.12% over the month.

Harmonic, Inc. (HLIT) has around 1359 employees, a market worth around $1.40B and $572.32M in sales. Current P/E ratio is 19.81 and Fwd P/E is 12.11. Profit margin for the company is 12.37%. Distance from 52-week low is 36.82% and -25.72% from its 52-week high. The company has generated returns on investments over the last 12 months (16.20%).

The EPS is expected to grow by 60.81% this year

The shares outstanding are 116.54M, and float is at 113.96M with Short Float at 6.14%.

Harmonic, Inc. (HLIT) Insider Activity

The most recent transaction is an insider sale by Graham Ian, the company’s SVP, Global Sales & Video Svcs. SEC filings show that Graham Ian sold 52,730 shares of the company’s common stock on May 02 ’24 at a price of $10.95 per share for a total of $0.58 million. Following the sale, the insider now owns 63616.0 shares.

Harmonic, Inc. disclosed in a document filed with the SEC on Feb 16 ’24 that Haltmayer Neven (SVP, Video R&D) sold a total of 14,747 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $13.68 per share for $0.2 million. Following the transaction, the insider now directly holds 0.16 million shares of the HLIT stock.

Still, SEC filings show that on Feb 05 ’24, Ben-Natan Nimrod (SVP & GM, Broadband Business) disposed off 100,000 shares at an average price of $12.91 for $1.29 million. The insider now directly holds 302,214 shares of Harmonic, Inc. (HLIT).

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