Harmonic Stock Buy Hold or Sell Recommendation
| HLIT Stock | USD 9.40 0.20 2.17% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Harmonic is 'Cautious Hold'. Macroaxis provides Harmonic buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Harmonic positions. The advice algorithm takes into account all of Harmonic's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Harmonic's buy or sell advice are summarized below:
Real Value 11.83 | Target Price 18 | Hype Value 9.35 | Market Value 9.4 | Naive Value 9.89 |
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.
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
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | 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 is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Harmonic launches new broadband speed enhancing application |
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 | -0.22 | Value At Risk | -3.1 | Potential Upside | 4.37 | Standard Deviation | 2.98 |
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
Have you ever been surprised when a price of an equity instrument such as Harmonic is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Harmonic backward and forwards among themselves. Harmonic's institutional investor refers to the entity that pools money to purchase Harmonic's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ameriprise Financial Inc | 2023-12-31 | 2.4 M | Nuveen Asset Management, Llc | 2023-12-31 | 2.1 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.9 M | Toronado Partners, Llc | 2023-12-31 | 1.8 M | Victory Capital Management Inc. | 2023-12-31 | 1.6 M | Westfield Capital Management Company, Lp | 2023-12-31 | 1.5 M | Macquarie Group Ltd | 2023-12-31 | 1.3 M | Wasatch Advisors Lp | 2023-12-31 | 1.3 M | Wolf Hill Capital Management, Lp | 2023-12-31 | 1.3 M | Blackrock Inc | 2023-12-31 | 17.6 M | Vanguard Group Inc | 2023-12-31 | 9.7 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 NYSE Composite | -0.25 | |
β | Beta against NYSE Composite | 0.46 | |
σ | Overall volatility | 2.84 | |
Ir | Information ratio | -0.09 |
Harmonic Volatility Alert
Harmonic exhibits very low volatility with skewness of -1.23 and kurtosis of 8.0. 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 Implied Volatility
Harmonic's implied volatility exposes the market's sentiment of Harmonic stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Harmonic's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Harmonic stock will not fluctuate a lot when Harmonic's options are near their expiration.
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 | 0.02 | -0.14 |
| Profit Margin | 0.14 % | (1.27) % |
| Operating Margin | 0.06 % | (5.51) % |
| Current Valuation | 1.12 B | 16.62 B |
| Shares Outstanding | 111.91 M | 571.82 M |
| Shares Owned By Insiders | 2.00 % | 10.09 % |
| Shares Owned By Institutions | 98.00 % | 39.21 % |
| Number Of Shares Shorted | 7.62 M | 4.71 M |
| Price To Earning | 40.24 X | 28.72 X |
| Price To Book | 2.70 X | 9.51 X |
| Price To Sales | 1.94 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 | 3.89 X | 1.93 K |
| Cash Flow From Operations | 7.06 M | 971.22 M |
| Short Ratio | 4.15 X | 4.00 X |
| Earnings Per Share | 0.72 X | 3.12 X |
| Price To Earnings To Growth | (0.21) X | 4.89 X |
| Target Price | 15.67 | |
| Number Of Employees | 1.36 K | 18.84 K |
| Beta | 0.84 | -0.15 |
| Market Capitalization | 1.05 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: Disposition of 15920 shares by Patrick Harshman 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.
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.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 53.6M | 66.7M | 61.0M | 49.9M | Total Assets | 693.7M | 710.0M | 768.2M | 475.5M |
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?
Run Most Shorted Equities Thematic Idea Now
Most Shorted Equities
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 153 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 Most Shorted Equities Theme or any other thematic opportunities.
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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.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary 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.
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Is Harmonic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmonic. If investors know Harmonic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 13.465 | Earnings Share 0.72 | Revenue Per Share 5.445 | Quarterly Revenue Growth 0.017 | Return On Assets 0.02 |
The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmonic's market value can be influenced by many factors that don't directly affect Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.