Let’s start up with the current stock price of Harmonic Inc. (HLIT), which is $7.07 to be very precise. The Stock rose vividly during the last session to $7.1783 after opening rate of $6.83 while the lowest price it went was recorded $6.76 before closing at $6.78.
Recently in News on October 14, 2020, Harmonic Announces Reporting Date for Third Quarter 2020 Results. Harmonic (NASDAQ: HLIT) today announced that it will release its third quarter 2020 financial results after the market close on Monday, October 26, 2020. Harmonic will host a live webcast to discuss the company’s results at 2:00 p.m. PT on the same day. You can read further details here
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Harmonic Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $8.57 on 01/24/20, with the lowest value was $4.44 for the same time period, recorded on 03/16/20.
Harmonic Inc. (HLIT) full year performance was 10.82%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Harmonic Inc. shares are logging -17.50% during the 52-week period from high price, and 59.23% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.44 and $8.57.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1120452 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Harmonic Inc. (HLIT) recorded performance in the market was -9.36%, having the revenues showcasing 25.58% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 660.62M, as it employees total of 809 workers.
Harmonic Inc. (HLIT) in the eye of market guru’s
During the last month, 0 analysts gave the Harmonic Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 5.65, with a change in the price was noted +1.63. In a similar fashion, Harmonic Inc. posted a movement of +29.96% for the period of last 100 days, recording 674,384 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HLIT is recording 0.67 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.61.
Harmonic Inc. (HLIT): Stocks Technical analysis and Trends
Raw Stochastic average of Harmonic Inc. in the period of last 50 days is set at 94.53%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.32%. In the last 20 days, the company’s Stochastic %K was 96.25% and its Stochastic %D was recorded 93.24%.
If we look into the earlier routines of Harmonic Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -9.36%. Additionally, trading for the stock in the period of the last six months notably improved by 7.77%, alongside a boost of 10.82% for the period of the last 12 months. The shares increased approximately by 10.47% in the 7-day charts and went down by 31.90% in the period of the last 30 days. Common stock shares were driven by 25.58% during last recorded quarter.