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Sunday, December 3, 2023

Insights Into Harmonic, Inc. (HLIT) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Harmonic, Inc. (HLIT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 1.15%, to $10.57. The Harmonic, Inc. has recorded 52,948 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Harmonic Announces Third Quarter 2023 Results.

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Stocks Info

Harmonic, Inc. is listed on the NASDAQ in the Technology sector while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $10.45 and fluctuated between $10.91 as its day high and $10.31 as its day low. The current market capitalization of Harmonic, Inc. is $1.17B. A total of 2.92 million shares were traded on the day, compared to an average of 2.27M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HLIT has seen 4 BUY and 3 SELL insider trades, representing the acquisition of 74,381 and the disposition of 31,083 shares. Over the last 12 months, there were 31 BUYs and 29 SELLs from insiders. Insiders purchased 1,021,223 shares during that period but sold 850,450.

In the most recent transaction, HARSHMAN PATRICK sold 15,179 shares of HLIT for 14.19 per share on Dec 14. After the transaction, the President and CEO now owns 483,642 company shares. In a previous transaction on Dec 13, HARSHMAN PATRICK sold 69,090 shares at 13.35 per share. HLIT shares that President and CEO owns now total 474,780.

Among the insiders who sold shares, Ben-Natan Nimrod disposed of 50,000 shares on Nov 30 at a per-share price of $14.90. This resulted in the SVP & GM, Broadband Business holding 265,023 shares of HLIT after the transaction. In another insider transaction, Haltmayer Neven sold 24,947 shares at $14.80 per share on Nov 18. Company shares held by the SVP, Video R&D now total 150,447.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HLIT in the last 3 months, the mean price target is $16.17 with high estimates of $18.00 and low estimates of $14.00. In terms of 52-week highs and lows, HLIT has a high of $18.43 and a low of $8.80.

As of this writing, HLIT has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.02 per share and a lower estimate of $0. The company reported an EPS of $0.12 in the last quarter, which was 50.00% higher than expectations of $0.08.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $3.04, while its Total Shareholder’s Equity was $296.80M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.83.

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