How to Buy Harmonic Stock
Harmonic Inc
Harmonic Inc. , together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access.
Harmonic stock last closed at $9.68, down 3.1% from the previous day, and has decreased 34.28% in one year. It has underperformed other stocks in the Communication Equipment industry by 0.13 percentage points. Harmonic stock is currently +10% from its 52-week low of $8.80, and -47.48% from its 52-week high of $18.43.
At the moment, there are 111.91M HLIT shares outstanding. The market cap of HLIT is $1.08B. In the past 24 hours, 1.8M HLIT shares were traded.
How to Buy Harmonic Stock
Wondering how to invest in Harmonic stock? Here's how.
- Figure out where to buy Harmonic stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Harmonic stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your info.
- Research Harmonic stock: The Harmonic ticker symbol is HLIT. Is Harmonic stock a good investment? Should you buy shares of HLIT? How do HLIT's underlying business fundamentals look? Do top analysts think Harmonic is a good buy? Why has HLIT's stock price moved recently? (Hint: Our stock research tools can help you evaluate if HLIT is a good stock to buy).
- Make your HLIT trade: Decide if you will purchase HLIT shares at the current market price or use a limit order to purchase HLIT stock at a given price.
- Keep tabs on your HLIT position: Create a watchlist to watch your investment in Harmonic shares.
Step 1: Figure out where to buy Harmonic stock
You need an online brokerage account in order to access the NASDAQ market and buy HLIT shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal info so you can buy HLIT stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
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Step 3: Fund your brokerage account
Now that you have filled out your info on app for stock market, your next step is to transfer the money for your investment:
Watch this video walkthrough to see the process of transferring money into your investment account.
Step 4: Research Harmonic stock
After you have decided on the best place to buy Harmonic stock, it's absolutely critical to research their stock before you buy, so you actually comprehend the risk and opportunity.
Harmonic Numbers
Harmonic Overview
WallStreetZen was created to help part-time investors do better fundamental analysis in less time.
You can view all of the due diligence checks on HLIT's stock page.
Is HLIT stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge HLIT's intrinsic value.
Using relative valuations metrics:
- HLIT could be undervalued based on its P/E ratio of 12.91x, relative to Communication Equipment industry P/E ratio of 17.72x
- HLIT may be undervalued based on its P/B ratio of 2.48x, relative to Communication Equipment industry P/B ratio of 2.65x
- HLIT could be undervalued based on its PEG ratio of 0.13x
You can access additional valuation analysis on HLIT's stock here.
HLIT Financials at a glance
Pros:
- Total HLIT debt is lower than 5 years ago, relative to shareholder equity.
- HLIT profit margin has gone up from 4.5% to 13.8% in the past year.
- There are more short-term assets than short-term liabilities on the HLIT balance sheet.
- HLIT has $84.27M in cash and short term investments. This is enough to cover its annual cash burn of $1.42M.
- HLIT has cash burn of 1416000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the HLIT balance sheet.
Cons:
- HLIT has a relatively high debt to equity ratio of 0.76.
Do analysts think it's a good time to buy Harmonic stock
Out of 4 Wall Street analysts who track HLIT, the consensus analyst rating on Harmonic is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Harmonic stock forecast page.
HLIT Technicals
HLIT Revenue
Last year, HLIT earnings were $83.99M. Over the last 2 year, HLIT's earnings have increased by 140.19% per year. This was faster than the Communication Equipment industry average of 5.5%.
Last year, HLIT revenue was $607.91M. Over the past 5 year, HLIT's revenue has increased by 8.54% per year. This was faster than the Communication Equipment industry average of 3.91%.
Dig into HLIT's earnings and revenue performance here.
Latest Insiders Trades at HLIT
Over the past 12 months, insiders at HLIT have sold more shares than they have bought.
Neven Haltmayer, SVP Video RD of HLIT, was the latest HLIT insider to sell. They sold $201,679.97 worth of HLIT shares on Feb 16, 2024.
Learn more about who owns HLIT stock here.
Can I rely on HLIT as an income stream?
No, Harmonic doesn't provide an income stream by paying out dividends.
HLIT Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your HLIT trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Press the Open Trade button and your broker will place your order.
If you require more help buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your HLIT position
Now that you own some shares in HLIT, you'll want to stay up-to-date on your new company.
Put HLIT on a watchlist to keep track of your HLIT stock.
HLIT Feed
How to Buy Stock in Harmonic
To summarize, here are the 6 steps to buy stock in Harmonic:
- Figure out where to buy Harmonic stock
- Create your brokerage account
- Fund your brokerage account
- Research Harmonic stock
- Make your HLIT trade
- Keep tabs on your HLIT position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Harmonic, create your watchlist below.
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