Harmonic Stock Buy Hold or Sell Recommendation
| HLIT Stock | USD 12.82 0.26 2.07% |
Given the investment horizon of 90 days and your way above-average risk tolerance, our recommendation regarding Harmonic is 'Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Harmonic given historical horizon and risk tolerance towards Harmonic. When Macroaxis issues a 'buy' or 'sell' recommendation for Harmonic, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Harmonic Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide. Note, we conduct extensive research on individual companies such as Harmonic and provide practical buy, sell, or hold advice based on investors' constraints. Harmonic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Harmonic |
Execute Harmonic Buy or Sell Advice
The Harmonic recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Harmonic. Macroaxis does not own or have any residual interests in Harmonic or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Harmonic's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Harmonic Trading Alerts and Improvement Suggestions
| Harmonic generated a negative expected return over the last 90 days | |
| Harmonic has high historical volatility and very poor performance | |
| Harmonic is unlikely to experience financial distress in the next 2 years | |
| Over 95.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Harmonic to Participate in Upcoming December 2024 Investor Conferences |
Harmonic Returns Distribution Density
The distribution of Harmonic's historical returns is an attempt to chart the uncertainty of Harmonic's future price movements. The chart of the probability distribution of Harmonic daily returns describes the distribution of returns around its average expected value. We use Harmonic price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Harmonic returns is essential to provide solid investment advice for Harmonic.
| Mean Return | -0.12 | Value At Risk | -4.23 | Potential Upside | 3.97 | Standard Deviation | 3.69 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Harmonic historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Harmonic Stock Institutional Investors
The Harmonic's institutional investors refer to entities that pool money to purchase Harmonic's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Scopia Management Inc | 2024-09-30 | 2.2 M | Alyeska Investment Group, L.p. | 2024-09-30 | 2 M | Nuveen Asset Management, Llc | 2024-06-30 | 1.9 M | Wasatch Advisors Lp | 2024-09-30 | 1.7 M | Toronado Partners, Llc | 2024-09-30 | 1.3 M | Victory Capital Management Inc. | 2024-09-30 | 1.3 M | Centerbook Partners Lp | 2024-09-30 | 1.3 M | Point72 Asset Management, L.p. | 2024-09-30 | 1.2 M | Assenagon Asset Management Sa | 2024-09-30 | 1.2 M | Blackrock Inc | 2024-06-30 | 17.6 M | Vanguard Group Inc | 2024-09-30 | 10.8 M |
Harmonic Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (4.8M) | (8.2M) | (39.3M) | (54.4M) | 35.4M | 37.2M | |
| Change In Cash | 27.1M | 5.6M | 34.8M | (43.8M) | (5.3M) | (5.1M) | |
| Free Cash Flow | 21.0M | 7.0M | 28.0M | (3.8M) | (1.4M) | (1.5M) | |
| Depreciation | 19.6M | 15.7M | 13.1M | 12.3M | 12.3M | 22.7M | |
| Capital Expenditures | 10.3M | 32.2M | 13.0M | 9.3M | 8.5M | 13.1M | |
| Net Income | (5.9M) | (29.3M) | 13.3M | 28.2M | 84.0M | 88.2M | |
| End Period Cash Flow | 93.1M | 98.6M | 133.4M | 89.6M | 84.3M | 76.9M | |
| Other Non Cash Items | 30.1M | 20.5M | 10.7M | 4.3M | 13.5M | 12.9M | |
| Change To Netincome | 19.7M | 29.6M | 22.3M | 33.2M | 38.2M | 19.6M | |
| Investments | (10.3M) | (32.2M) | (13.0M) | (1.3M) | (13.9M) | (13.2M) | |
| Change Receivables | (14.7M) | (8.4M) | 21.2M | (26.7M) | (24.0M) | (22.8M) | |
| Net Borrowings | (609K) | (5.9M) | (2.3M) | (38.8M) | (34.9M) | (33.2M) |
Harmonic Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Harmonic or Communications Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Harmonic's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Harmonic stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 1.55 | |
σ | Overall volatility | 3.74 | |
Ir | Information ratio | -0.07 |
Harmonic Volatility Alert
Harmonic exhibits very low volatility with skewness of -4.88 and kurtosis of 32.66. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Harmonic's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Harmonic's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Harmonic Fundamentals Vs Peers
Comparing Harmonic's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Harmonic's direct or indirect competition across all of the common fundamentals between Harmonic and the related equities. This way, we can detect undervalued stocks with similar characteristics as Harmonic or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Harmonic's fundamental indicators could also be used in its relative valuation, which is a method of valuing Harmonic by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Harmonic to competition |
| Fundamentals | Harmonic | Peer Average |
| Return On Equity | 0.22 | -0.31 |
| Return On Asset | 0.0459 | -0.14 |
| Profit Margin | 0.14 % | (1.27) % |
| Operating Margin | 0.20 % | (5.51) % |
| Current Valuation | 1.56 B | 16.62 B |
| Shares Outstanding | 116.53 M | 571.82 M |
| Shares Owned By Insiders | 2.34 % | 10.09 % |
| Shares Owned By Institutions | 95.39 % | 39.21 % |
| Number Of Shares Shorted | 3.92 M | 4.71 M |
| Price To Earning | 40.24 X | 28.72 X |
| Price To Book | 3.41 X | 9.51 X |
| Price To Sales | 2.35 X | 11.42 X |
| Revenue | 607.91 M | 9.43 B |
| Gross Profit | 316.42 M | 27.38 B |
| EBITDA | 22.17 M | 3.9 B |
| Net Income | 83.99 M | 570.98 M |
| Cash And Equivalents | 121.82 M | 2.7 B |
| Cash Per Share | 1.16 X | 5.01 X |
| Total Debt | 156.05 M | 5.32 B |
| Debt To Equity | 0.67 % | 48.70 % |
| Current Ratio | 1.52 X | 2.16 X |
| Book Value Per Share | 3.68 X | 1.93 K |
| Cash Flow From Operations | 7.06 M | 971.22 M |
| Short Ratio | 2.78 X | 4.00 X |
| Earnings Per Share | 0.73 X | 3.12 X |
| Price To Earnings To Growth | (0.21) X | 4.89 X |
| Target Price | 14.93 | |
| Number Of Employees | 1.24 K | 18.84 K |
| Beta | 0.89 | -0.15 |
| Market Capitalization | 1.46 B | 19.03 B |
| Total Asset | 768.21 M | 29.47 B |
| Retained Earnings | (1.96 B) | 9.33 B |
| Working Capital | 58.34 M | 1.48 B |
Note: Acquisition by Walter Jankovic of 17483 shares of Harmonic subject to Rule 16b-3 [view details]
Harmonic Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Harmonic . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 8707.14 | |||
| Daily Balance Of Power | 1.083333 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 12.72 | |||
| Day Typical Price | 12.75 | |||
| Price Action Indicator | 0.23 | |||
| Period Momentum Indicator | 0.26 |
About Harmonic Buy or Sell Advice
When is the right time to buy or sell Harmonic? Buying financial instruments such as Harmonic Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Harmonic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Electronics
Companies manufacturing electronic appliances and goods. The Electronics theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Electronics Theme or any other thematic opportunities.
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Additional Tools for Harmonic Stock Analysis
When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.