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 virtualized broadband and video delivery solutions. The Company's solutions enables media companies and service providers to deliver video streaming and broadcast services to consumer devices, including televisions, personal computers, laptops, tablets and smartphones. The Company operates through two segments: Video and Broadband. Its Broadband segment provides broadband access solutions and related services, including its cOS software-based broadband access solution, to broadband operators globally. Its Video segment provides video processing and production and playout solutions and services worldwide to broadband operators and satellite and telco Pay-TV service providers, and to broadcast and media companies, including streaming media companies. Its Video business infrastructure solutions are delivered either through shipment of its products, software licenses or as software-as-a-service (SaaS) subscriptions.

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Harmonic Inc’s Stock Price as of Market Close

As of April 09, 2024, 4:00 PM, CST, Harmonic Inc’s stock price was $11.22.

Harmonic Inc is down 14.61% from its previous closing price of $13.14.

During the last market session, Harmonic Inc’s stock traded between $12.96 and $13.15. Currently, there are 112.31 million shares of Harmonic Inc stock available for purchase.

Harmonic Inc’s price-earnings (P/E) ratio is currently at 18.2, which is low compared to the Communications & Networking industry median of 21.7. 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 16.52% so far this month.

During the month of April, Harmonic Inc’s stock price has reached a high of $13.68 and a low of $10.91.

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 14.35%.

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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 April 08, 2024, 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 April 08, 2024, Harmonic Inc has a weighted four-quarter relative price strength of -5.09%, which translates to a Momentum Score of 50 and is considered to be Average.

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Harmonic Inc Stock Price: Bottom Line

As of April 9, 2024, Harmonic Inc’s stock price is $11.22, which is down 14.61% 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.

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