Harmonic Stock Price on December 31, 2022
| HLIT Stock | USD 11.09 0.35 3.26% |
Below is the normalized historical share price chart for Harmonic extending back to May 23, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Harmonic stands at 11.09, as last reported on the 2nd of May, with the highest price reaching 11.09 and the lowest price hitting 11.09 during the day.
If you're considering investing in Harmonic Stock, it is important to understand the factors that can impact its price. Harmonic holds Efficiency (Sharpe) Ratio of -0.0637, which attests that the entity had a -0.0637% return per unit of risk over the last 3 months. Harmonic exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harmonic's Standard Deviation of 3.47, market risk adjusted performance of (0.01), and Risk Adjusted Performance of 0.0061 to validate the risk estimate we provide.
At this time, Harmonic's Sale Purchase Of Stock is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 8.4 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 286.9 M in 2024. . At this time, Harmonic's Price Fair Value is comparatively stable compared to the past year. Harmonic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of May 1995 | 200 Day MA 11.4976 | 50 Day MA 12.1144 | Beta 0.843 |
Harmonic |
Sharpe Ratio = -0.0637
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HLIT |
Estimated Market Risk
| 3.35 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harmonic is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harmonic by adding Harmonic to a well-diversified portfolio.
Price Book 2.7025 | Enterprise Value Ebitda 36.7365 | Price Sales 1.944 | Shares Float 94.3 M | Wall Street Target Price 15.67 |
Harmonic Valuation on December 31, 2022
It is possible to determine the worth of Harmonic on a given historical date. On December 31, 2022 Harmonic was worth 13.04 at the beginning of the trading date compared to the closed value of 13.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Harmonic stock. Still, in general, we apply an absolute valuation method to find Harmonic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Harmonic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Harmonic's related companies.
| Open | High | Low | Close | Volume | |
| 13.06 | 13.24 | 12.95 | 13.12 | 548,342 | |
12/30/2022 | 13.04 | 13.13 | 12.94 | 13.10 | 517,031 |
| 13.16 | 13.27 | 12.99 | 13.11 | 721,545 |
| Backtest Harmonic | | | Harmonic History | | | Harmonic Valuation | Previous | Next |
Harmonic Trading Date Momentum on December 31, 2022
| On January 03 2023 Harmonic was traded for 13.11 at the closing time. The top price for the day was 13.27 and the lowest listed price was 12.99 . The trading volume for the day was 721.5 K. The trading history from January 3, 2023 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 0.08% . The trading delta at closing time against the current closing price is 12.90% . |
Harmonic Fundamentals Correlations and Trends
By evaluating Harmonic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Harmonic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Harmonic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Harmonic Stock history
Harmonic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Harmonic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Harmonic will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Harmonic stock prices may prove useful in developing a viable investing in Harmonic
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 117.4 M | 85.7 M | |
| Net Income Applicable To Common Shares | 25.4 M | 26.6 M |
Harmonic Quarterly Net Working Capital |
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Harmonic Stock Technical Analysis
Harmonic technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Harmonic Period Price Range
Low | December 30, 2022
| High |
13.04 | 13.10 |
Harmonic May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Harmonic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Harmonic shares will generate the highest return on investment. By undertsting and applying Harmonic stock market strength indicators, traders can identify Harmonic entry and exit signals to maximize returns
| Accumulation Distribution | 7481.79 | |||
| Daily Balance Of Power | 0.3158 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 13.04 | |||
| Day Typical Price | 13.06 | |||
| Price Action Indicator | 0.095 | |||
| Period Momentum Indicator | (2.01) |
Harmonic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Harmonic's price direction in advance. Along with the technical and fundamental analysis of Harmonic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Harmonic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.02) |
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Harmonic Stock analysis
When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.
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Is Harmonic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmonic. If investors know Harmonic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 13.465 | Earnings Share 0.72 | Revenue Per Share 5.108 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0096 |
The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmonic's market value can be influenced by many factors that don't directly affect Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.