Harmonic (HLIT) has risen sharply, recording gains of 13.11% in the past 4 weeks. However, the stock has corrected -3.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 15.44% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.66% and the 50-Day Moving Average is 21.58%.The 200 Day SMA reached 34.04% Harmonic Inc. is up 58.5% in the last 3-month period. Year-to-Date the stock performance stands at 14.5%.
Harmonic (HLIT) : The most positive equity analysts on Harmonic (HLIT) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $4.83 with an expected fluctuation of $1.26 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Harmonic (NASDAQ:HLIT): stock was range-bound between the intraday low of $4.59 and the intraday high of $4.79 after having opened at $4.76 on Fridays session. The stock finally closed in the red at $4.76, a loss of -1.89%. The stock remained in the red for the whole trading day. The total traded volume was 989,038 shares. The stock failed to cross $4.79 in Fridays trading. The stocks closing price on Thursday was $4.66.
Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products and system solutions. The Company operates in two business segments: Video and Cable Edge. Its Video business sells video processing and production and playout solutions and services around the world to cable operators and satellite and telecommunications (telco) Pay-TV service providers and to broadcast and media companies. The products offered in the Video business segment include video processing solutions, and video production platforms and playout solutions. Its Cable Edge business sells cable edge solutions and related services to cable operators globally. The products offered in the Cabled Edge segment include edge quadrature amplitude modulation (QAM) products, centralized converged cable access platform (CCAP) Solution and Distributed CCAP Solution.