Harmonic Stock Beta

HLIT Stock

USD 12.39 0.31 2.57%

Harmonic fundamentals help investors to digest information that contributes to Harmonic's financial success or failures. It also enables traders to predict the movement of Harmonic Stock. The fundamental analysis module provides a way to measure Harmonic's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Harmonic stock.

Other Current Liab Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Harmonic Company Beta Analysis

Harmonic's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Harmonic Beta

0.89

Most of Harmonic's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Harmonic is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Harmonic Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Harmonic is extremely important. It helps to project a fair market value of Harmonic Stock properly, considering its historical fundamentals such as Beta. Since Harmonic's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Harmonic's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Harmonic's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Good Will	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.76	0.02	-0.8	0.65	0.7	0.61	0.9	0.3	0.33	-0.08	0.37	0.21	-0.23	0.02	0.86	0.04	0.1	0.09	-0.26	0.25	0.14	0.39	0.18	0.35
Total Stockholder Equity	0.76		-0.58	-0.45	0.13	0.49	-0.05	0.9	0.04	0.68	0.5	0.67	0.04	-0.65	-0.45	0.59	0.62	0.13	-0.11	0.39	0.02	0.3	0.04	-0.21	0.0
Net Debt	0.02	-0.58		-0.29	0.5	0.33	0.74	-0.29	0.53	-0.63	-0.91	-0.61	0.35	0.68	0.56	0.09	-0.91	-0.41	0.33	-0.96	0.42	-0.24	0.56	0.51	0.57
Retained Earnings	-0.8	-0.45	-0.29		-0.55	-0.67	-0.68	-0.61	-0.23	-0.07	0.43	-0.01	0.0	0.19	-0.36	-0.91	0.36	0.23	-0.24	0.5	-0.23	0.11	-0.26	-0.31	-0.27
Accounts Payable	0.65	0.13	0.5	-0.55		0.51	0.84	0.48	0.52	-0.15	-0.49	-0.08	0.44	0.38	0.21	0.51	-0.36	0.12	0.14	-0.63	0.4	-0.03	0.52	0.35	0.58
Net Receivables	0.7	0.49	0.33	-0.67	0.51		0.48	0.65	0.75	0.04	-0.35	0.11	0.58	-0.07	-0.16	0.5	-0.12	-0.57	0.2	-0.42	0.64	0.28	0.71	0.3	0.71
Total Liab	0.61	-0.05	0.74	-0.68	0.84	0.48		0.29	0.42	-0.31	-0.74	-0.26	0.27	0.44	0.59	0.6	-0.7	0.0	0.27	-0.88	0.35	-0.15	0.54	0.54	0.54
Total Current Assets	0.9	0.9	-0.29	-0.61	0.48	0.65	0.29		0.28	0.46	0.24	0.55	0.27	-0.41	-0.28	0.67	0.41	0.1	-0.09	0.08	0.29	0.36	0.28	0.02	0.3
Short Term Debt	0.3	0.04	0.53	-0.23	0.52	0.75	0.42	0.28		-0.41	-0.46	-0.24	0.86	0.42	-0.27	0.05	-0.18	-0.56	0.15	-0.5	0.85	0.48	0.89	0.27	0.96
Intangible Assets	0.33	0.68	-0.63	-0.07	-0.15	0.04	-0.31	0.46	-0.41		0.68	0.89	-0.3	-0.53	-0.32	0.24	0.57	0.39	-0.21	0.54	-0.48	-0.12	-0.48	-0.44	-0.49
Short Term Investments	-0.08	0.5	-0.91	0.43	-0.49	-0.35	-0.74	0.24	-0.46	0.68		0.69	-0.24	-0.56	-0.61	-0.17	0.92	0.45	-0.42	0.91	-0.44	0.2	-0.52	-0.52	-0.52
Common Stock	0.37	0.67	-0.61	-0.01	-0.08	0.11	-0.26	0.55	-0.24	0.89	0.69		-0.09	-0.44	-0.39	0.19	0.64	0.4	-0.33	0.52	-0.29	0.12	-0.28	-0.28	-0.28
Property Plant Equipment	0.21	0.04	0.35	0.0	0.44	0.58	0.27	0.27	0.86	-0.3	-0.24	-0.09		0.48	-0.3	-0.13	0.03	-0.37	0.08	-0.3	0.64	0.68	0.82	0.42	0.89
Current Deferred Revenue	-0.23	-0.65	0.68	0.19	0.38	-0.07	0.44	-0.41	0.42	-0.53	-0.56	-0.44	0.48		0.29	-0.28	-0.54	0.01	0.33	-0.57	0.19	0.08	0.36	0.3	0.48
Long Term Debt	0.02	-0.45	0.56	-0.36	0.21	-0.16	0.59	-0.28	-0.27	-0.32	-0.61	-0.39	-0.3	0.29		0.28	-0.78	0.06	0.17	-0.64	-0.18	-0.45	-0.1	0.51	-0.13
Good Will	0.86	0.59	0.09	-0.91	0.51	0.5	0.6	0.67	0.05	0.24	-0.17	0.19	-0.13	-0.28	0.28		-0.19	0.07	0.19	-0.33	0.0	-0.17	0.13	0.17	0.09
Net Tangible Assets	0.04	0.62	-0.91	0.36	-0.36	-0.12	-0.7	0.41	-0.18	0.57	0.92	0.64	0.03	-0.54	-0.78	-0.19		0.29	-0.36	0.9	-0.15	0.48	-0.27	-0.46	-0.24
Capital Surpluse	0.1	0.13	-0.41	0.23	0.12	-0.57	0.0	0.1	-0.56	0.39	0.45	0.4	-0.37	0.01	0.06	0.07	0.29		-0.23	0.32	-0.59	-0.14	-0.45	-0.18	-0.46
Deferred Long Term Liab	0.09	-0.11	0.33	-0.24	0.14	0.2	0.27	-0.09	0.15	-0.21	-0.42	-0.33	0.08	0.33	0.17	0.19	-0.36	-0.23		-0.3	0.0	-0.13	0.15	0.1	0.16
Long Term Investments	-0.26	0.39	-0.96	0.5	-0.63	-0.42	-0.88	0.08	-0.5	0.54	0.91	0.52	-0.3	-0.57	-0.64	-0.33	0.9	0.32	-0.3		-0.4	0.24	-0.58	-0.58	-0.57
Short Long Term Debt	0.25	0.02	0.42	-0.23	0.4	0.64	0.35	0.29	0.85	-0.48	-0.44	-0.29	0.64	0.19	-0.18	0.0	-0.15	-0.59	0.0	-0.4		0.42	0.76	0.15	0.8
Long Term Debt Total	0.14	0.3	-0.24	0.11	-0.03	0.28	-0.15	0.36	0.48	-0.12	0.2	0.12	0.68	0.08	-0.45	-0.17	0.48	-0.14	-0.13	0.24	0.42		0.46	0.24	0.55
Net Invested Capital	0.39	0.04	0.56	-0.26	0.52	0.71	0.54	0.28	0.89	-0.48	-0.52	-0.28	0.82	0.36	-0.1	0.13	-0.27	-0.45	0.15	-0.58	0.76	0.46		0.52	0.94
Net Working Capital	0.18	-0.21	0.51	-0.31	0.35	0.3	0.54	0.02	0.27	-0.44	-0.52	-0.28	0.42	0.3	0.51	0.17	-0.46	-0.18	0.1	-0.58	0.15	0.24	0.52		0.49
Capital Stock	0.35	0.0	0.57	-0.27	0.58	0.71	0.54	0.3	0.96	-0.49	-0.52	-0.28	0.89	0.48	-0.13	0.09	-0.24	-0.46	0.16	-0.57	0.8	0.55	0.94	0.49

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Harmonic

In accordance with the recently published financial statements, Harmonic has a Beta of 0.893. This is 15.75% lower than that of the Communications Equipment sector and 71.74% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Harmonic Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Harmonic's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Harmonic could also be used in its relative valuation, which is a method of valuing Harmonic by comparing valuation metrics of similar companies.

Harmonic is currently under evaluation in beta category among its peers.

Harmonic ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Harmonic's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Harmonic's managers, analysts, and investors.

Environmental

Governance

Social

Harmonic Institutional Holders

Institutional Holdings refers to the ownership stake in Harmonic that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Harmonic's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Harmonic's value.

		Shares
Geode Capital Management, Llc	2024-06-30	2.7 M
Alyeska Investment Group, L.p.	2024-06-30	2.1 M
Nuveen Asset Management, Llc	2024-06-30	1.9 M
Clearline Capital Lp	2024-06-30	1.6 M
Wasatch Advisors Lp	2024-06-30	1.4 M
Centerbook Partners Lp	2024-06-30	1.3 M
Polar Asset Management Partners	2024-06-30	1.3 M
Toronado Partners, Llc	2024-09-30	1.3 M
Victory Capital Management Inc.	2024-09-30	1.3 M
Blackrock Inc	2024-06-30	17.6 M
Vanguard Group Inc	2024-09-30	10.8 M

Harmonic returns are very sensitive to returns on the market. As the market goes up or down, Harmonic is expected to follow.

Harmonic Fundamentals

	Return On Equity	0.22
	Return On Asset	0.0459
	Profit Margin	0.14 %
	Operating Margin	0.20 %
	Current Valuation	1.52 B
	Shares Outstanding	116.53 M
	Shares Owned By Insiders	2.31 %
	Shares Owned By Institutions	95.29 %
	Number Of Shares Shorted	4.01 M
	Price To Earning	40.24 X
	Price To Book	3.32 X
	Price To Sales	2.26 X
	Revenue	607.91 M
	Gross Profit	316.42 M
	EBITDA	22.17 M
	Net Income	83.99 M
	Cash And Equivalents	121.82 M
	Cash Per Share	1.16 X
	Total Debt	156.05 M
	Debt To Equity	0.67 %
	Current Ratio	1.52 X
	Book Value Per Share	3.68 X
	Cash Flow From Operations	7.06 M
	Short Ratio	3.46 X
	Earnings Per Share	0.73 X
	Price To Earnings To Growth	(0.21) X
	Target Price	14.93
	Number Of Employees	1.24 K
	Beta	0.89
	Market Capitalization	1.41 B
	Total Asset	768.21 M
	Retained Earnings	(1.96 B)
	Working Capital	58.34 M
	Current Asset	286.13 M
	Current Liabilities	84.88 M
	Net Asset	768.21 M

About Harmonic Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Harmonic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Harmonic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Harmonic based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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.

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