Harmonic, Inc. (NASDAQ:HLIT) traded at $10.74 at close of the session on Tuesday, April 30, made an upward move of 14.26% on its previous day’s price.
Looking at the stock we see that its previous close was $9.40 . The company has a trailing 12-month PE ratio of 17.67. In terms of its 52-week price range, HLIT has a high of $18.43 and a low of $8.80. The company’s stock has lost about -17.76% over that past 30 days.
Harmonic, Inc. has a market cap of $1.20 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year raised at $0.56 for 2024 and $0.93 for next year. These figures represent 51.40% and 66.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $139.53 million, with a low of $125.95 million and a high of $146.5 million. The median projection represents growth adding up to -10.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $669.31 million, or 10.10% up from figures reported last year.
On the other hand, looking at the outlook for the HLIT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the HLIT stock currently stands at 0.45, and the current price level is -0.43% off its SMA20 and -11.77% from its 50-day simple moving average. The RSI (14) is pointing at 48.19 while the volatility over the past week is 5.94% and jumps to 4.35% over the past one month. The beta value is 0.91, while the average true range (ATR) is currently pointing at 0.58.
Coming back to Harmonic, Inc. (NASDAQ:HLIT), we note that the average 3-month trading volume was 2.05 million. Current shares outstanding are 112.41 million.
The insiders hold 2.69% of the company’s shares while institutions hold 110.67%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -17.64% down in year-to-date price movement.
