Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Harmonic Inc before investing.

In this article, we go over a few key elements for understanding Harmonic Inc’s stock price such as:

• Harmonic Inc’s current stock price and volume
• Why Harmonic Inc’s stock price changed recently
• Upgrades and downgrades for HLIT from analysts
• HLIT’s stock price momentum as measured by its relative strength

About Harmonic Inc (HLIT)

Before we jump into Harmonic Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Harmonic Inc. is a provider of video delivery software, products, system solutions, and services. The Company enable its customers to create, prepare, store, playout and deliver a full range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets and smart phones and broadband access solutions that enable broadband operators to deploy high-speed internet, for data, voice and video services to consumers homes. The Company operates through two segments: Video and Broadband. The Video business sells video processing and production and playout solutions and services to cable operators and satellite and telco Pay-TV service providers (collectively referred as service providers) and to broadcast and media companies, including streaming media companies. The Broadband business provides broadband access solutions and related services, including its CableOS software-based broadband access solution to broadband operators globally.

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Harmonic Inc’s Stock Price as of Market Close

As of December 05, 2023, 3:59 PM, CST, Harmonic Inc’s stock price was $10.26.

Harmonic Inc is down 4.91% from its previous closing price of $10.79.

During the last market session, Harmonic Inc’s stock traded between $10.69 and $11.34. Currently, there are 112.03 million shares of Harmonic Inc stock available for purchase.

Harmonic Inc’s price-earnings (P/E) ratio is currently at 212.4, which is high compared to the Communications & Networking industry median of 20.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Harmonic Inc Stock Price History

Harmonic Inc’s (HLIT) price is currently down 7.23% so far this month.

During the month of December, Harmonic Inc’s stock price has reached a high of $11.34 and a low of $9.75.

Over the last year, Harmonic Inc has hit prices as high as $18.43 and as low as $8.80. Year to date, Harmonic Inc’s stock is down 12.76%.

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What Caused Harmonic Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of December 04, 2023, there were 5 analysts who downgraded Harmonic Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Harmonic Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Harmonic Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Harmonic Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Harmonic Inc (HLIT) by visiting AAII Stock Evaluator.

Relative Price Strength of Harmonic Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of December 04, 2023, Harmonic Inc has a weighted four-quarter relative price strength of -4.43%, which translates to a Momentum Score of 48 and is considered to be Average.

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Harmonic Inc Stock Price: Bottom Line

As of December 5, 2023, Harmonic Inc’s stock price is $10.26, which is down 4.91% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Harmonic Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.