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Harmonic Inc is a communication equipment business based in the US. Harmonic shares (HLIT) are listed on the NASDAQ and all prices are listed in US Dollars. Harmonic employs 1,172 staff and has a trailing 12-month revenue of around USD$390.3 million.
Since the stock market crash in March caused by coronavirus, Harmonic's share price has had significant negative movement.
Its last market close was USD$6.37, which is 4.21% down on its pre-crash value of USD$6.65 and 43.47% up on the lowest point reached during the March crash when the shares fell as low as USD$4.44.
If you had bought USD$1,000 worth of Harmonic shares at the start of February 2020, those shares would have been worth USD$682.52 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$866.07.
|Latest market close||USD$6.37|
|52-week range||USD$4.44 - USD$8.57|
|50-day moving average||USD$5.8046|
|200-day moving average||USD$5.6701|
|Wall St. target price||USD$7.81|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.315|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-19)||-3.19%|
|1 month (2020-10-26)||-6.46%|
|3 months (2020-08-26)||6.52%|
|6 months (2020-05-26)||12.94%|
|1 year (2019-11-26)||-22.03%|
|2 years (2018-11-26)||13.55%|
|3 years (2017-11-24)||40.00%|
|5 years (2015-11-25)||14.77%|
Valuing Harmonic stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Harmonic's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Harmonic's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$23.9 million.
The EBITDA is a measure of a Harmonic's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$390.3 million|
|Operating margin TTM||1.58%|
|Gross profit TTM||USD$224.4 million|
|Return on assets TTM||0.71%|
|Return on equity TTM||-9.1%|
|Market capitalisation||USD$618.7 million|
TTM: trailing 12 months
There are currently 6.7 million Harmonic shares held short by investors – that's known as Harmonic's "short interest". This figure is 0.8% up from 6.6 million last month.
There are a few different ways that this level of interest in shorting Harmonic shares can be evaluated.
Harmonic's "short interest ratio" (SIR) is the quantity of Harmonic shares currently shorted divided by the average quantity of Harmonic shares traded daily (recently around 614349.7700092). Harmonic's SIR currently stands at 10.87. In other words for every 100,000 Harmonic shares traded daily on the market, roughly 10870 shares are currently held short.
However Harmonic's short interest can also be evaluated against the total number of Harmonic shares, or, against the total number of tradable Harmonic shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Harmonic's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Harmonic shares in existence, roughly 70 shares are currently held short) or 0.1018% of the tradable shares (for every 100,000 tradable Harmonic shares, roughly 102 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Harmonic.
Find out more about how you can short Harmonic stock.
We're not expecting Harmonic to pay a dividend over the next 12 months.
Harmonic's shares were split on a 2:1 basis on 15 October 1999. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Harmonic shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Harmonic shares which in turn could have impacted Harmonic's share price.
Over the last 12 months, Harmonic's shares have ranged in value from as little as $4.44 up to $8.57. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Harmonic's is 0.8571. This would suggest that Harmonic's shares are less volatile than average (for this exchange).
Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segment, Video and Cable Access. The Video segment sells video processing, and production and playout solutions and services to cable operators, and satellite and telecommunications Pay-Tv service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing solutions include network management and application software, and hardware products, such as appliances, broadcast and over-the-top encoders, contribution encoders, high-density transcoders, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Access segment offers cable edge solutions and related services, including CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. Harmonic Inc.was founded in 1988 and is headquartered in San Jose, California.
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