Harmonic, Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $15.46 on 10/28/24, while the lowest price for the same period was registered at $9.10 on 04/26/24.
52-week price history of HLIT Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Harmonic, Inc’s current trading price is -13.07% away from its 52-week high, while its distance from the 52-week low is 47.69%. The stock’s price range during the 52-week period has remained between $9.10 and $15.46. In the Technology sector, the company’s shares saw a trading volume of around 0.23 million for the day, which was evidently lower than the average daily volume of 1.11 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Harmonic, Inc (HLIT) has experienced a quarterly decline of -4.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.58B and boasts a workforce of 1359 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.36, with a change in price of -0.48. Similarly, Harmonic, Inc recorded 1,075,527 in trading volume during the last 100 days, posting a change of -3.45%.
Examining HLIT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for HLIT stands at 0.35. Similarly, the long-term debt-to-equity ratio is also 0.32.
HLIT Stock Stochastic Average
Harmonic, Inc’s raw stochastic average for the past 50 days is presently 60.20%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 81.02%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 75.91% and 70.94%, respectively.
HLIT Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant gain of 3.83% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 17.13%. Over the past 30 days, the price of HLIT has fallen by 8.58%. And in the last five days, it has surged by 2.42%.
