Why Harmonic Inc. (NASDAQ:HLIT) Could Be Worth Watching
Why Harmonic Inc. (NASDAQ:HLIT) Could Be Worth Watching
Harmonic Inc. (NASDAQ:HLIT), might not be a large cap stock, but it led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on Harmonic's outlook and valuation to see if the opportunity still exists.
Harmonic Inc.(納斯達克:HLIT)也許不是大盤股,但在過去幾週中它在納斯達克上漲幅度相對較大。股東們可能欣賞最近的股價上漲,但該公司仍然需要再走一段路才能再次達到年度高點。由於許多分析師對該股進行了覆蓋,因此我們可能希望任何價格敏感的公告已經被計入該股票的股價中。然而,該股票仍然以相對便宜的價格交易,可能嗎?今天我們將分析Harmonic最近的前景和估值數據,看看這一機會是否仍然存在。
Is Harmonic Still Cheap?
Harmonic還便宜嗎?
Great news for investors – Harmonic is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that Harmonic's ratio of 19.12x is below its peer average of 26.32x, which indicates the stock is trading at a lower price compared to the Communications industry. Another thing to keep in mind is that Harmonic's share price is quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its industry peers, a low beta could suggest it is not likely to reach that level anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range again.
對於投資者來說,有一個好消息——根據我們的價格多重模型,Harmonic仍然以相當便宜的價格交易,我們將公司的市盈率與行業平均水平進行了比較。在這種情況下,我們使用市盈率(PE)比率,因爲沒有足夠的信息可靠地預測該股的現金流。我們發現Harmonic的比率爲19.12倍,低於同行業平均水平的26.32倍,這表明該股票的價格低於通信行業的價格。另一件事要記住的是,相對於市場其他部分來說,Harmonic的股價相當穩定,這表明其低貝塔值。這意味着,如果您認爲當前股價應該向其行業同行靠近,那麼低貝塔可能意味着它不太可能在短期內達到那個水平,一旦到達那個水平,它可能很難再次降至一個吸引人的購買區間。
What does the future of Harmonic look like?
Harmonic的未來如何?
![earnings-and-revenue-growth](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240626/0-167717839f08e3bb527c10a17c180f1f-0-cb5a11be09f873ae1edd1b8154af9b4a.png/big)
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Though in the case of Harmonic, it is expected to deliver a negative earnings growth of -12%, which doesn't help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term.
投資組合中尋求增長的投資者可能需要在購買股票之前考慮公司的前景。雖然價值投資者會認爲與價格相比的內在價值最重要,但更有說服力的投資主題應該是高成長潛力加上便宜的價格。然而,在Harmonic的情況下,預計其收益將下降12%,這並沒有幫助建立其投資主題。未來不確定性的風險似乎很高,至少在短期內是如此。
What This Means For You
這對您意味着什麼?
Are you a shareholder? Although HLIT is currently trading below the industry PE ratio, the adverse prospect of negative growth brings about some degree of risk. Consider whether you want to increase your portfolio exposure to HLIT, or whether diversifying into another stock may be a better move for your total risk and return.
您是股東嗎?雖然HLIT目前交易價格低於行業市盈率,但負增長的不利前景帶來了一定的風險。考慮增加對HLIT的投資組合暴露度,或者是否將風險分散到其他股票可能是更好的選擇。
Are you a potential investor? If you've been keeping an eye on HLIT for a while, but hesitant on making the leap, we recommend you dig deeper into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future.
您是潛在投資者嗎?如果您一直在關注HLIT,但不敢冒險,我們建議您深入挖掘該股票。考慮到其當前的價格倍數,現在是做出決策的好時機。但請記住,未來負增長前景所帶來的風險。
In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. At Simply Wall St, we found 3 warning signs for Harmonic and we think they deserve your attention.
因此,如果您想對該公司進行更多的分析,了解所涉及的風險是必要的。在Simply Wall St上,我們發現Harmonic有3個警告信號,我們認爲這值得您的關注。
If you are no longer interested in Harmonic, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您對Harmonic不再感興趣,您可以使用我們的免費平台查看我們列出的50多個具有高增長潛力的其他股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。