Finance

Performance Comparison of Harmonic Inc. (NASDAQ:HLIT)

Harmonic Inc. (NASDAQ:HLIT), closed the last trading session at $8.21 with increase of $0.0700000000000003 or 0.86 percent against the opening price of $8.14. The trading day volume of the company stands at 540138 shares while the average trading volume of Harmonic Inc. (NASDAQ:HLIT) is 676.26 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 90.69 Million.

The price target of Harmonic Inc. (NASDAQ:HLIT) is currently set at 9.38 by the analysts. The stock is $-2.15 Below its 1-Year High which is $8.39. HLIT hit its 1-Year low price of $4.52. 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.

Performance Indicators of Harmonic Inc. (NASDAQ:HLIT)

The value of the stock increased by 4.32% during the previous week performance. Looking at the 1 month performance of Harmonic Inc. (NASDAQ:HLIT), the stock jumped 3.34%. While the 1 year performance shows a positive percentage of 71.04 and year to date performance stands at 5.26%.

Harmonic Inc. (NASDAQ:HLIT) Analytical Review

The stock needs to grow about $1.17 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 4.46%, 2.95% and 22.43 percent respectively. The stock trades about 7.55 percent of its Float giving its total shares Outstanding are 90.69 Million. HLIT gained about 3.4 percent in 6 months showing its Average True Range of 0.21. The company currently has a RSI and Beta of 63.47 and 0.95.

While talking about Harmonic Inc. (NASDAQ:HLIT) valuation ratios, the stock trades with a P/S and P/B of 1.89 and 3.06 which is significantly better and attractive as compared to its peers.