Harmonic Inc (NASDAQ: HLIT) stock suffered a major decline of -25.1% on 10/29/24. The shares closed at $11.10. Moreover, trading volume in this decline was exceptionally high at 694% of normal. Relative to the market the stock has been strong over the last nine months but has declined -22.8% during the last week.
Current PriceTarget Research Rating
HLIT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Harmonic has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Harmonic has a slightly negative Appreciation Score of 31 but a good Power Rating of 74, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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