Harmonic Inc (NASDAQ: HLIT) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Marginal negative changes in fundamentals have recently occurred for Harmonic Inc (NASDAQ: HLIT): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Harmonic has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 60, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Harmonic Inc (NASDAQ: HLIT) stock closed at $10.94 on 4/10/24 after a decline of -2.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 307% of normal. The stock has declined -15.3% during the last week but has been strong relative to the market over the last nine months.
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