Momentum Is Strong For Harmonic, Inc. (NASDAQ: HLIT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Communication Equipment industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $14.40 and fluctuated between $14.50 as its day high and $14.15 as its day low. The current market capitalization of Harmonic, Inc. is $1.68B. A total of 0.88 million shares were traded on the day, compared to an average of 1.23M shares.

In the most recent transaction, HARSHMAN PATRICK bought 26,160 shares of HLIT for 13.75 per share on Aug 19 ’24. In a previous transaction on Jul 31 ’24, Haltmayer Neven sold 40,000 shares at 14.41 per share. HLIT shares that SVP & Interim GM, Vid Business owns now total 122,211.

Among the insiders who bought shares, Graham Ian acquired of 60,122 shares on Jul 31 ’24 at a per-share price of $14.44. In another insider transaction, HARSHMAN PATRICK bought 200,000 shares at $14.14 per share on Jul 31 ’24.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, HLIT has a high of $15.31 and a low of $8.80.

As of this writing, HLIT has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 6.0 estimates, with a high estimate of $0.24 per share and a lower estimate of $0.18.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HLIT’s latest balance sheet shows that the firm has $133.43M in Cash & Short Term Investments as of fiscal 2021. There were $190.21M in debt and $224.46M in liabilities at the time. Its Book Value Per Share was $3.39, while its Total Shareholder’s Equity was $296.80M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HLIT is Buy with a score of 4.17.

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