On 7/30/24, Harmonic Inc (NASDAQ: HLIT) stock enjoyed a major increase of 21.2%, closing at $14.24. Moreover, trading volume in this advance was exceptionally high at 598% of normal. The stock has performed in line with the market over the last nine months and has risen 13.3% 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 D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Harmonic has a slightly negative Power Rating of 37 and a slightly negative Appreciation Score of 36, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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