Harmonic, Inc (NASDAQ: HLIT) is -20.08% lower on its value in year-to-date trading and has touched a low of $7.91 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 $9.19 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $9.45, the stock is 1.48% and 1.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 2.88% at the moment leaves the stock -15.37% off its SMA200. HLIT registered -28.53% loss for a year compared to 6-month loss of -30.22%. The firm has a 50-day simple moving average (SMA 50) of $9.2808 and a 200-day simple moving average (SMA200) of $11.17165.
The stock witnessed a -0.37% gain in the last 1 month and extending the period to 3 months gives it a 13.37%, and is -3.72% down 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 5.32% over the week and 3.51% over the month.
Harmonic, Inc (HLIT) has around 1240 employees, a market worth around $1.07B and $689.80M in sales. Current P/E ratio is 20.97 and Fwd P/E is 11.00. Profit margin for the company is 7.72%. Distance from 52-week low is 19.53% and -38.84% from its 52-week high. The company has generated returns on investments over the last 12 months (9.16%).
The EPS is expected to shrink by -39.62% this year
325.0 institutions hold shares in Harmonic, Inc (HLIT), with institutional investors hold 97.08% of the company’s shares. The shares outstanding are 114.68M, and float is at 110.23M with Short Float at 1.95%. Institutions hold 94.76% of the Float.
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 2,000 shares of the company’s common stock on May 30 ’25 at a price of $8.99 per share for a total of $17980.0. Following the purchase, the insider now owns 11840.0 shares.
Harmonic, Inc disclosed in a document filed with the SEC on Feb 25 ’25 that Whalen Daniel T (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Feb 25 ’25 and was made at $9.99 per share for $9990.0. Following the transaction, the insider now directly holds 9840.0 shares of the HLIT stock.
Still, SEC filings show that on Feb 24 ’25, Whalen Daniel T (Director) acquired 3,000 shares at an average price of $10.15 for $30459.0. The insider now directly holds 8,840 shares of Harmonic, Inc (HLIT).
