Harmonic, Inc (NASDAQ: HLIT) is -20.63% lower on its value in year-to-date trading and has touched a low of $8.42 and a high of $15.46 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 $10.70 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $10.50, the stock is 1.19% and -9.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -1.87% at the moment leaves the stock -16.51% off its SMA200. HLIT registered -19.85% loss for a year compared to 6-month loss of -25.85%.
The stock witnessed a -6.17% gain in the last 1 month and extending the period to 3 months gives it a -18.86%, and is 2.54% 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 3.37% over the week and 4.15% over the month.
Harmonic, Inc (HLIT) has around 1240 employees, a market worth around $1.23B and $678.72M in sales. Current P/E ratio is 32.01 and Fwd P/E is 11.19. Profit margin for the company is 5.78%. Distance from 52-week low is 24.70% and -32.08% from its 52-week high. The company has generated returns on investments over the last 12 months (6.53%).
with sales reaching $127.51M over the same period.The EPS is expected to shrink by -25.64% this year, but quarterly earnings will post -9.49% year-over-year. Quarterly sales are estimated to grow 4.46% in year-over-year returns.
The shares outstanding are 116.73M, and float is at 113.29M with Short Float at 2.09%.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.64 million shares valued at $207.67 million. The investor’s holdings represent 15.3386 of the HLIT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.39 million shares valued at $122.3 million to account for 9.0333 of the shares outstanding. The other top investors are TRIGRAN INVESTMENTS, INC. which holds 6.64 million shares representing 5.7767 and valued at over $78.21 million, while SCOPIA CAPITAL MANAGEMENT LP holds 4.8667 of the shares totaling 5.6 million with a market value of $65.89 million.
Harmonic, Inc (HLIT) Insider Activity
The most recent transaction is an insider purchase by Whalen Daniel T, the company’s Director. SEC filings show that Whalen Daniel T bought 1,000 shares of the company’s common stock on Feb 25 ’25 at a price of $9.99 per share for a total of $9990.0. Following the purchase, the insider now owns 9840.0 shares.
Harmonic, Inc disclosed in a document filed with the SEC on Feb 24 ’25 that Whalen Daniel T (Director) bought a total of 3,000 shares of the company’s common stock. The trade occurred on Feb 24 ’25 and was made at $10.15 per share for $30459.0. Following the transaction, the insider now directly holds 8840.0 shares of the HLIT stock.
Still, SEC filings show that on Feb 13 ’25, KRALL DAVID (Director) acquired 10,000 shares at an average price of $9.78 for $97830.0. The insider now directly holds 163,490 shares of Harmonic, Inc (HLIT).
