Stock Rating Upgrade
The Value Trend Rating for Harmonic Inc (NASDAQ: HLIT) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Harmonic Inc (NASDAQ: HLIT) stock declined modestly by -1.1% on 8/9/24. The stock closed at $13.13. However, trading volume in this decline was unusually low at 54% of normal. The stock has performed in line with the market over the last nine months and has declined -9.4% 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. 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 59, with the Low Neutral Value Trend Rating the result.
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