Harmonic Inc (NASDAQ: HLIT) stock closed at $11.22 on 4/9/24 after a major decline of -14.6%. Moreover, trading volume in this decline was exceptionally high at 400% of normal. The stock has declined -14.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HLIT is expected to continue to be a major Value Builder.
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, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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