As of Friday close, Arlo Technologies Inc.’s (NYSE:ARLO) stock was down -$0.26, moving down -2.55 percent to $9.93. The average number of shares traded per day over the past five days has been 1,026,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.95 fall in that time frame. In the last twenty days, the average volume was 911,605, while in the previous 50 days, it was 972,284.
Since last month, ARLO stock retreated -7.54%. Shares of the company fell to $9.04 on 08/11/23, the lowest level in the past month. A 52-week high of $11.54 was reached on 07/17/23 after having rallying from a 52-week low of $2.93. Since the beginning of this year, ARLO’s stock price has risen by 182.91% or $6.42, and marked a new high 38 times. However, the stock has declined by -13.95% since its 52-week high.
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ARLO stock investors should be aware that Arlo Technologies Inc. (ARLO) stock had its last reported insider trading activity 4 days ago on Aug 15. Summers Grady, the Director of the company, purchased of 1,429 shares for $10.45 on Aug 15. It resulted in a $14,933 investment by the insider. Busse Brian sold 37,085 shares at an average price of $9.78 on May 19. The insider now owns 696,816 shares following the transaction. On May 15, Director Summers Grady bought 1,672 shares at $8.94 apiece. The transaction was valued at $14,948.
Valuation Metrics
The stock’s beta is 1.65. Besides these, the trailing price-to-sales (P/S) ratio of 1.80, the price-to-book (PB) ratio of 10.34.
Financial Health
In the three months ended June 29, Arlo Technologies Inc.’s quick ratio stood at 1.20, while its current ratio was 1.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 28.90% percent. In the year ended June 29, EBITDA margin amounted to -10.26%, whereas operating margins totaled -11.90%. Based on annual data, ARLO earned $136.03 million in gross profit and brought in $490.41 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -66.00%. Return on equity (ROE) for the past 12 months was -60.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ARLO’s revenue fell -3.59% to $111.0 million during the quarter, while net income inched up to $114.86 million. While analysts expected Arlo Technologies Inc. to report $0.04 quarterly earnings, the actual figure was $0.06 per share. During the quarter, the company generated -$6.83 million in EBITDA. The liabilities of Arlo Technologies Inc. were 187.26 million at the end of its most recent quarter ended June 29, and its total debt was $20.96 million. The value of shareholders’ equity is $94.06 million.
Technical Picture
This quick technical analysis looks at Arlo Technologies Inc.’s (ARLO) price momentum. With a historical volatility rate of 77.35%, the RSI 9-day stood at 35.82% on 18 August.
With respect to its five-day moving average, the current Arlo Technologies Inc. price is down by -8.73% percent or -$0.95. At present, ARLO shares trade -7.54% below its 20-day simple moving average and +80.87% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.69% above its SMA50 and +92.82% above its SMA200.
Stochastic coefficient K was 48.10% and Stochastic coefficient D was 52.44%, while ATR was 0.55. Given the Stochastic reading of 36.18% for the 14-day period, the RSI (14) reading has been calculated as 40.47%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -0.53.
Analyst Ratings
Craig Hallum launched its rating on Arlo Technologies Inc. (NYSE: ARLO) to a Buy in a note to investors on June 29, 2023. Arlo Technologies Inc. (ARLO) has been rated Overweight by analysts. According to 0 brokerage firms, ARLO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Arlo Technologies Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $15.50, the current consensus forecast for the stock is $11.00 – $17.00. Based on these forecasts, analysts predict Arlo Technologies Inc. (ARLO) will achieve an average price target of $14.75.
