What Are The Chances Of Harmonic, Inc. (NASDAQ: HLIT) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, HLIT falls under the Technology sector while operating within the Communication Equipment industry segment. The current market capitalization of Harmonic, Inc. is $1.33B. A total of 1.1 million shares were traded on the day, compared to an average of 1.85M shares.

In the most recent transaction, Graham Ian sold 52,730 shares of HLIT for 10.95 per share on May 02 ’24. After the transaction, the SVP, Global Sales & Video Svcs now owns 63,616 company shares. In a previous transaction on Feb 16 ’24, Haltmayer Neven sold 14,747 shares at 13.68 per share. HLIT shares that SVP, Video R&D owns now total 156,559.

Among the insiders who sold shares, Ben-Natan Nimrod disposed of 100,000 shares on Feb 05 ’24 at a per-share price of $12.91. This resulted in the SVP & GM, Broadband Business holding 302,214 shares of HLIT after the transaction. In another insider transaction, Haltmayer Neven sold 10,558 shares at $13.11 per share on Feb 02 ’24. Company shares held by the SVP, Video R&D now total 171,306.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $0.04 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of $0.04 per share and a lower estimate of $0.02. The company reported an EPS of $0.12 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $3.65, 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 4.83.

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