Harmonic Inc (NASDAQ: HLIT) stock enjoyed a major increase of 14.3% on 4/30/24. The shares closed at $10.74. Moreover, trading volume in this advance was exceptionally high at 387% of normal. The stock has been strong relative to the market over the last nine months and has risen 10.7% during the last week.
Current PriceTarget Research Rating
HLIT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Harmonic has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Harmonic has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 65, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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