After finishing at $10.41 in the prior trading day, Arlo Technologies Inc (NYSE: ARLO) closed at $11.83, up 13.64%. In other words, the price has increased by $+1.42 from its previous closing price. On the day, 3912568 shares were traded. ARLO stock price reached its highest trading level at $12.11 during the session, while it also had its lowest trading level at $10.62.
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Ratios:
Our goal is to gain a better understanding of ARLO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.09. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 01 when CARTER MILLER JOYCELYN sold 32,000 shares for $9.04 per share. The transaction valued at 289,434 led to the insider holds 127,012 shares of the business.
MCRAE MATTHEW BLAKE sold 187,623 shares of ARLO for $1,842,739 on Sep 01. The CEO now owns 2,438,972 shares after completing the transaction at $9.82 per share. On Aug 31, another insider, MCRAE MATTHEW BLAKE, who serves as the CEO of the company, sold 197,153 shares for $9.92 each. As a result, the insider received 1,955,561 and left with 2,626,595 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 1.13B and an Enterprise Value of 1.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 10.93. Its current Enterprise Value per Revenue stands at 2.13 whereas that against EBITDA is -25.13.
Stock Price History:
Over the past 52 weeks, ARLO has reached a high of $11.54, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is 9.17, while the 200-Day Moving Average is calculated to be 9.65.
Shares Statistics:
The stock has traded on average 913.54K shares per day over the past 3-months and 1.51M shares per day over the last 10 days, according to various share statistics. A total of 95.38M shares are outstanding, with a floating share count of 91.04M. Insiders hold about 5.34% of the company’s shares, while institutions hold 83.36% stake in the company. Shares short for ARLO as of Feb 15, 2024 were 4.56M with a Short Ratio of 4.99, compared to 4.62M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.82% and a Short% of Float of 5.79%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.05, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.09, with high estimates of $0.11 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.48 and $0.34 for the fiscal current year, implying an average EPS of $0.39. EPS for the following year is $0.52, with 1 analysts recommending between $0.52 and $0.52.
Revenue Estimates
5 analysts predict $122.37M in revenue for the current quarter. It ranges from a high estimate of $127.9M to a low estimate of $114M. As of the current estimate, Arlo Technologies Inc’s year-ago sales were $111M, an estimated increase of 10.20% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $123.98M, an increase of 12.50% over than the figure of $10.20% in the same quarter last year. There is a high estimate of $130.8M for the next quarter, whereas the lowest estimate is $112M.
A total of 5 analysts have provided revenue estimates for ARLO’s current fiscal year. The highest revenue estimate was $539.4M, while the lowest revenue estimate was $513M, resulting in an average revenue estimate of $528.58M. In the same quarter a year ago, actual revenue was $491.18M, up 7.60% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $595.6M in the next fiscal year. The high estimate is $595.6M and the low estimate is $595.6M. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.
