Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Harmonic Inc (NASDAQ: HLIT) improved during the last several trading days. HLIT’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Harmonic Inc (NASDAQ: HLIT) stock increased 1.5% on 4/8/24. The shares closed at $13.14. However, trading volume in this advance was exceptionally low at 37% of normal. The stock has been strong relative to the market over the last nine months but has declined -2.2% 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 (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Harmonic has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 60, and the Low Neutral Value Trend Rating results.
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