With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.27 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 0.87.
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 down-trending over the past week, with a drop of -4.34%, but this was down by -12.20% over a month. Three-month performance dropped to -18.08% while six-month performance fell -29.56%. The stock lost -23.45% in the past year, while it has lost -23.28% 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.
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.
