As of close of business last night, Arlo Technologies Inc’s stock clocked out at $12.61, up 2.11% from its previous closing price of $12.35. In other words, the price has increased by $+0.26 from its previous closing price. On the day, 919168 shares were traded.
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Ratios:
To gain a deeper understanding of ARLO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.21. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on October 31, 2023, initiated with a Buy rating and assigned the stock a target price of $13.
On June 29, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $17.
On January 25, 2022, Lake Street started tracking the stock assigning a Buy rating and target price of $14.Lake Street initiated its Buy rating on January 25, 2022, with a $14 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 13 ’24 when Busse Brian sold 56,973 shares for $11.68 per share. The transaction valued at 665,445 led to the insider holds 604,905 shares of the business.
MCRAE MATTHEW BLAKE sold 119,900 shares of ARLO for $1,308,133 on Mar 06 ’24. The CEO now owns 2,195,050 shares after completing the transaction at $10.91 per share. On Mar 06 ’24, another insider, BINDER KURTIS JOSEPH, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 18,120 shares for $10.91 each. As a result, the insider received 197,684 and left with 702,680 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 1.21B and an Enterprise Value of 1.09B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 11.65. Its current Enterprise Value per Revenue stands at 2.23 whereas that against EBITDA is -54.01.
Stock Price History:
Over the past 52 weeks, ARLO has reached a high of $12.49, while it has fallen to a 52-week low of $5.31. The 50-Day Moving Average of the stock is 9.73, while the 200-Day Moving Average is calculated to be 9.79.
Shares Statistics:
It appears that ARLO traded 1.03M shares on average per day over the past three months and 1.22M shares per day over the past ten days. A total of 95.38M shares are outstanding, with a floating share count of 91.24M. Insiders hold about 5.13% of the company’s shares, while institutions hold 83.38% stake in the company. Shares short for ARLO as of Feb 29, 2024 were 5.28M with a Short Ratio of 5.14, compared to 4.72M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.49% and a Short% of Float of 6.58%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.08, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.09, with high estimates of $0.1 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.43 and $0.4 for the fiscal current year, implying an average EPS of $0.41. EPS for the following year is $0.58, with 4 analysts recommending between $0.63 and $0.55.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $123.3M. It ranges from a high estimate of $125.1M to a low estimate of $122M. As of the current estimate, Arlo Technologies Inc’s year-ago sales were $111M, an estimated increase of 11.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $124.7M, an increase of 13.20% over than the figure of $11.10% in the same quarter last year. There is a high estimate of $130.3M for the next quarter, whereas the lowest estimate is $120M.
A total of 5 analysts have provided revenue estimates for ARLO’s current fiscal year. The highest revenue estimate was $536.4M, while the lowest revenue estimate was $527M, resulting in an average revenue estimate of $530.52M. In the same quarter a year ago, actual revenue was $491.18M, up 8.00% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $585.4M in the next fiscal year. The high estimate is $595.1M and the low estimate is $579.5M. The average revenue growth estimate for next year is up 10.30% from the average revenue estimate for this year.
