Investors are poised to add Arlo Technologies Inc. (ARLO) Stock to their long term portfolios

A share price of Arlo Technologies Inc. [ARLO] is currently trading at $4.31, up 11.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ARLO shares have gain 15.86% over the last week, with a monthly amount glided 17.76%, and seem to be holding up well over a long-time horizon.

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On 30, January 2023, Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08. In a post published today on Yahoo Finance, Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced that it had made equity grants to new employees under its 2018 Equity Incentive Plan (the “Plan”) in accordance with NYSE Rule 303A.08.

From an analyst’s perspective:

Arlo Technologies Inc. [NYSE: ARLO] stock has seen the most recent analyst activity on January 25, 2022, when Lake Street initiated its Buy rating and assigned the stock a price target of $14. Previously, Raymond James upgraded its rating to Outperform on July 29, 2020, and kept the price target unchanged to $6. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $4 on November 12, 2019. BofA/Merrill reiterated its recommendation of a Underperform and reduced its price target to $3.50 on August 07, 2019. Imperial Capital reiterated a Outperform rating for this stock on February 07, 2019, and downed its price target to $7.50. In a note dated February 06, 2019, BofA/Merrill downgraded an Underperform rating on this stock.

Arlo Technologies Inc. experienced fluctuations in its stock price throughout the past year between $2.93 and $11.79. Currently, Wall Street analysts expect the stock to reach $9.67 within the next 12 months. Arlo Technologies Inc. [NYSE: ARLO] shares were valued at $4.31 at the most recent close of the market. An investor can expect a potential return of 124.36% based on the average ARLO price forecast.

Analyzing the ARLO fundamentals

During the last quarter, Arlo Technologies Inc. [NYSE:ARLO] saw sales of 128.16 billion, an improvement of 15.40%. Gross Margin for this corporation currently stands at +24.80% with Operating Margin at -11.39%, Pretax Margin comes in at -12.72%, and Net Margin reading is -12.88%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.06 points at the first support level, and at 3.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.45, and for the 2nd resistance point, it is at 4.58.

Arlo Technologies Inc. [ARLO] reported earnings per share of $0.01 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.07/share, meaning a difference of $0.08 and a surprise factor of 114.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.01 per share as compared to estimates of -$0.03 per share, a difference of $0.04 representing a surprise of 133.30%.

Ratios To Look Out For

A current ratio of 1.40 is a noteworthy aspect of Arlo Technologies Inc. [NYSE:ARLO]. In addition, the Quick Ratio stands at 1.26 and the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 7.86.

Transactions by insiders

In the past 3 months, 4 insiders have purchased 78,046 shares, and 0 have sold 0 shares. Recent insider trading involved Summers Grady, Director, that happened on Nov 15 when 3846.0 shares were purchased. Director, FAISON RALPH E completed a deal on Nov 15 to buy 23800.0 shares. Meanwhile, Director Summers Grady bought 30000.0 shares on Nov 11.