Finance

What is the fate of Harmonic Inc. (NASDAQ:HLIT)

Harmonic Inc. (NASDAQ:HLIT), ended its previous trading session at $6.02 showing a gain of 0 or 0 percent with respect to the price of $6.02 when stock market opened. The company traded 350669 shares over the course of the trading day. Giving the average volume of 946.54 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 89.1 Million.

Harmonic Inc. (NASDAQ:HLIT) is currently trading lower than its price target which is set to $9.38 by the analyst. The stock is -25.59% Below its 1-Year High which is $8.09. HLIT has a difference of 34.37% from its 1 year low which stands at $4.48. The company is currently rated by analyst who are keeping a close eye on the stock as 1.8. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Harmonic Inc. (NASDAQ:HLIT) Performance Snapshot

The stock performed exceptionally bad in the previous week which depicts an decrease of -1.79 percent in the shares price. The company subtracted about -10.95% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is 8.47 Percent. HLIT currently shows 27.54% as its year to date performance.

Harmonic Inc. (NASDAQ:HLIT) Price Insight

The stock needs to grow about $3.36 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are -7.59%, -10.28% and 1.84 percent respectively. The stock trades about 9.7 percent of its Float giving its total shares Outstanding are 89.1 Million. HLIT gained about 6.17 percent in 6 months showing its Average True Range of 0.24. The company currently has a RSI and Beta of 35.45 and 0.89.

While talking about Harmonic Inc. (NASDAQ:HLIT) valuation ratios, the stock trades with a P/S and P/B of 1.41 and 2.53 which is significantly better and attractive as compared to its peers.