With 1.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.33 million shares. The 52-week range on HLIT shows that it touched its highest point at $15.46 and its lowest point at $8.42 during that stretch. It currently has a 1-year price target of $11.75. Beta for the stock currently stands at 0.90.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HLIT was up-trending over the past week, with a rise of 5.42%, but this was down by -2.73% over a month. Three-month performance dropped to -16.54% while six-month performance fell -25.95%. The stock lost -19.97% in the past year, while it has lost -19.12% so far this year. A look at the trailing 12-month EPS for HLIT yields 0.33 with Next year EPS estimates of 0.94. For the next quarter, that number is 0.05. This implies an EPS growth rate of -25.64% for this year and 61.72% for next year.
Float and Shares Shorts:
At present, 116.73 million HLIT shares are outstanding with a float of 113.30 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLIT since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.72658 being high and $0.68676 being low. For HLIT, this leads to a yearly average estimate of $0.70667. Based on analyst estimates, the high estimate for the next quarter is $0.12 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.09.
Summary of Insider Activity:
Insiders traded HLIT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
