Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Harmonic, Inc.’s current trading price is -41.59% away from its 52-week high, while its distance from the 52-week low is 22.33%. The stock’s price range during this period has varied between $8.80 and $18.43. The company, active in the Technology sector, saw a trading volume of around 4.39 million for the day, considerably higher average daily volume of 2.05 million observed over the last three months.
Harmonic, Inc. had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $18.43 on 06/21/23, while the lowest price during the same period was $8.80 on 10/09/23.
How Financial Performance Impacts Market Capitalization
Harmonic, Inc. (HLIT) has experienced a quarterly decline of -9.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.20B and boasts a workforce of 1359 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.12, with a change in price of +0.45. Similarly, Harmonic, Inc. recorded 2,075,866 in trading volume during the last 100 days, posting a change of +4.43%.
How HLIT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for HLIT stands at 0.36. Similarly, the long-term debt-to-equity ratio is also 0.07.
HLIT Stock Stochastic Average
As of today, the raw stochastic average of Harmonic, Inc. over the last 50 days is at 34.07%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 36.46%. Further, the company’s Stochastic %K and %D values for the last 20 days were 15.14% and 6.90%, respectively.
HLIT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -17.45%. However, over the past six months, we’ve seen a weaker performance of 8.85%. The price of HLIT leaped by -17.57% over the last 30 days. And in the last five days, it has surged by 12.37%.
