Harmonic, Inc (NASDAQ:HLIT) currently has a daily average trading volume of 1.21M but it saw 655233 shares traded in last market. With a market cap of 1.09B USD, the company’s current market price of $9.60 came falling about -1.34 while comparing to the previous closing price of $9.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.46 and as low as $7.91.
Taking a look at 20-day trading activity of Harmonic, Inc (HLIT) gives us an average price of $9.09, while its current price level is -37.90% below from 52-week high level whereas it is 21.37% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.47 while that of 200 days or SMA-200 reads an average of $12.00. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.68% during that period while stretching the period over a month that increases to 3.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.05 which implies that the stock is in neutral territory.
Raymond James downgraded its recommendation for the stock as a “Outperform” from “Strong Buy” on October 29, 2024 while assigning a price target range of $17-$14.
Over the week, HLIT’s stock price is moving 7.99% up while it is 7.14% when we observe its performance for the past one month. Year-to-date it is -27.44% down and over the past year, the stock is showing a downside performance of -15.72%.
Currently, Harmonic, Inc’s total number of outstanding shares is 114.68M. Company’s return on investment (ROI) stands at 9.16% and return on equity (ROE) at 12.45%. It has a price to earnings ratio (P/E ratio) of 21.30 while having a 10.64 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 2.47 while price to sale or P/S ratio amounts to 1.57. Its return on asset (ROA) is 7.03% on average.
