Market Resilience: Arlo Technologies Inc (ARLO) Finishes Strong/Weak at 12.821, Down -2.51

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Arlo Technologies Inc (NYSE: ARLO) closed the day trading at $12.82 down -2.51% from the previous closing price of $13.15. In other words, the price has decreased by -$2.51 from its previous closing price. On the day, 1.0 million shares were traded. ARLO stock price reached its highest trading level at $13.15 during the session, while it also had its lowest trading level at $12.605.

Ratios:

For a better understanding of ARLO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.20 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 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 1250966528 and an Enterprise Value of 1128239872. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 12.47. Its current Enterprise Value per Revenue stands at 2.237 whereas that against EBITDA is -69.362.

Stock Price History:

Over the past 52 weeks, ARLO has reached a high of $14.52, while it has fallen to a 52-week low of $7.77. The 50-Day Moving Average of the stock is 3.69%, while the 200-Day Moving Average is calculated to be 23.27%.

Shares Statistics:

Over the past 3-months, ARLO traded about 1.00M shares per day on average, while over the past 10 days, ARLO traded about 792770 shares per day. A total of 95.38M shares are outstanding, with a floating share count of 93.49M. Insiders hold about 4.20% of the company’s shares, while institutions hold 84.41% stake in the company. Shares short for ARLO as of 1715731200 were 3406697 with a Short Ratio of 3.92, compared to 1713139200 on 3784178. Therefore, it implies a Short% of Shares Outstanding of 3406697 and a Short% of Float of 4.2600001999999995.

Earnings Estimates

Currently, 5.0 analysts are dedicated to thoroughly evaluating and rating the performance of Arlo Technologies Inc (ARLO) in the stock market.On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.09 and a low estimate of $0.08, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.1, with high estimates of $0.11 and low estimates of $0.09.

Analysts are recommending an EPS of between $0.41 and $0.38 for the fiscal current year, implying an average EPS of $0.39. EPS for the following year is $0.53, with 4.0 analysts recommending between $0.58 and $0.45.

Revenue Estimates

5 analysts predict $124.63M in revenue for the current quarter. It ranges from a high estimate of $125.64M to a low estimate of $123.8M. As of the current estimate, Arlo Technologies Inc’s year-ago sales were $110.18MFor the next quarter, 5 analysts are estimating revenue of $134.92M. There is a high estimate of $138M for the next quarter, whereas the lowest estimate is $132M.

A total of 5 analysts have provided revenue estimates for ARLO’s current fiscal year. The highest revenue estimate was $528.3M, while the lowest revenue estimate was $521.2M, resulting in an average revenue estimate of $524.56M. In the same quarter a year ago, actual revenue was $491.18MBased on 4 analysts’ estimates, the company’s revenue will be $567.75M in the next fiscal year. The high estimate is $582.5M and the low estimate is $555M.

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