The closing price of Arlo Technologies Inc. (NYSE: ARLO) was $9.25 for the day, down -0.11% from the previous closing price of $9.26. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 1061804 shares were traded. ARLO stock price reached its highest trading level at $9.60 during the session, while it also had its lowest trading level at $9.20.
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Ratios:
Our analysis of ARLO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 19 when Busse Brian sold 37,085 shares for $9.78 per share. The transaction valued at 362,691 led to the insider holds 696,816 shares of the business.
Summers Grady bought 1,672 shares of ARLO for $14,948 on May 15. The Director now owns 228,744 shares after completing the transaction at $8.94 per share. On Mar 09, another insider, Rothstein Amy M, who serves as the Director of the company, sold 40,000 shares for $6.00 each. As a result, the insider received 240,000 and left with 81,642 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARLO now has a Market Capitalization of 834.33M and an Enterprise Value of 744.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 9.64. Its current Enterprise Value per Revenue stands at 1.56 whereas that against EBITDA is -13.30.
Stock Price History:
Over the past 52 weeks, ARLO has reached a high of $9.81, while it has fallen to a 52-week low of $2.93. The 50-Day Moving Average of the stock is 6.72, while the 200-Day Moving Average is calculated to be 5.12.
Shares Statistics:
ARLO traded an average of 1.43M shares per day over the past three months and 2.15M shares per day over the past ten days. A total of 89.65M shares are outstanding, with a floating share count of 85.37M. Insiders hold about 5.10% of the company’s shares, while institutions hold 73.70% stake in the company. Shares short for ARLO as of Apr 27, 2023 were 2.57M with a Short Ratio of 2.57M, compared to 2.82M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.83% and a Short% of Float of 3.43%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.02, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.07, with high estimates of $0.09 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.24 and $0.18 for the fiscal current year, implying an average EPS of $0.22. EPS for the following year is $0.33, with 2 analysts recommending between $0.35 and $0.32.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $112.1M to a low estimate of $107.2M. As of the current estimate, Arlo Technologies Inc.’s year-ago sales were $118.98M, an estimated decrease of -7.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $126.67M, a decrease of -0.60% over than the figure of -$7.40% in the same quarter last year. There is a high estimate of $128.5M for the next quarter, whereas the lowest estimate is $124.5M.
A total of 3 analysts have provided revenue estimates for ARLO’s current fiscal year. The highest revenue estimate was $492.52M, while the lowest revenue estimate was $478.5M, resulting in an average revenue estimate of $485.81M. In the same quarter a year ago, actual revenue was $490.41M, down -0.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $529.45M in the next fiscal year. The high estimate is $538.9M and the low estimate is $520M. The average revenue growth estimate for next year is up 9.00% from the average revenue estimate for this year.
