The stock of Arlo Technologies Inc. (NYSE:ARLO) increased by $0.2 on Friday to finish at $9.86, up 2.07 percent. The last five days have seen an average of 674,060 shares of common stock traded. 38 times new highs were reached in the current year, with a gain of $6.35. The average number of shares traded over the last 20 days was 969,270, while the average volume over the last 50 days totaled 941,644.
ARLO stock dropped -8.96% since last month. On 08/11/23, the company’s shares reached a one-month low of $9.04. The stock touched a high of $11.54 on 07/17/23, after rallying from a low of $2.93 in 52 weeks. The price of ARLO stock has risen by 180.91% or $6.35 this year, reaching a new high 38 times. Still, the stock price is down -14.56% from the 52-week high.
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Insider Transactions
ARLO stock investors should be aware that Arlo Technologies Inc. (ARLO) stock had its last reported insider trading activity 13 days ago on Aug 15. On Aug 15, Director Summers Grady acquired 1,429 shares at $10.45 each. This transaction resulted in the insider spending $14,933. On May 19, Busse Brian sold 37,085 shares at a price of US$9.78. After the transaction, the insider now owns 696,816 shares. Director Summers Grady had earlier bought 1,672 shares on May 15 for $8.94 a share. The transaction was completed for $14,948.
Valuation Metrics
Beta for the stock is 1.66. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.92, the price-to-book (PB) ratio of 11.08, and the price-to-cash flow ratio of 324.50.
Financial Health
For the three months ended June 29, Arlo Technologies Inc.’s quick ratio was 1.20, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 30.80% percent. Arlo Technologies Inc.’s EBITDA margin for the year ended June 29 was -10.26%, whereas its operating margin stood at -12.50% for the same period. Based on annual data, it had gross profit of $136.03 million and revenue of $490.41 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ARLO’s return on assets (ROA) during the last 12 months has been -20.60%. There was a -66.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -65.90%.
Earnings Surprise
According to Arlo Technologies Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $114.86 million, while revenues fell by -3.38% to $111.0 million. It was predicted that Arlo Technologies Inc.’s quarterly earnings would be $0.06, but it ended up being $0.04. EBITDA was -$6.83 million for the quarter. At the end of Arlo Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 187.26 million, while its total debt was $20.96 million. Equity owned by shareholders amounts to $94.06 million.
Technical Picture
Here’s a quick look at Arlo Technologies Inc.’s (ARLO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 40.47%, suggesting the stock is Neutral, with a 34.21% historical volatility rate.
The stochastic %K and %D were 28.81% and 26.78% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 33.47%, the RSI (14) reading is 42.26%. On the 9-day MACD Oscillator, the stock is at -0.20, and the 14-day reading is at -0.45.
Analyst Ratings
In its analyst report released on June 29, 2023, Craig Hallum began covering Arlo Technologies Inc. (NYSE: ARLO). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Arlo Technologies Inc. (ARLO) an Overweight rating. ARLO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 2 others recommend it as a buy.
What is ARLO’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $17.00, with a median target price of $15.50. In analyzing these forecasts, the average price target given by analysts for Arlo Technologies Inc. (ARLO) is $14.75.
