A share price of Arlo Technologies Inc [ARLO] is currently trading at $11.40, down -3.63%. 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 23.91% over the last week, with a monthly amount glided 25.00%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Arlo Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Record fourth quarter service revenue of $55.9 million, growing 45.9% year over year.
From an analyst’s perspective:
Arlo Technologies Inc [NYSE: ARLO] stock has seen the most recent analyst activity on October 31, 2023, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $13. Previously, Craig Hallum started tracking the stock with Buy rating on June 29, 2023, and set its price target to $17. On January 25, 2022, Lake Street initiated with a Buy rating and assigned a price target of $14 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $6 on July 29, 2020. Deutsche Bank started tracking with a Buy rating for this stock on November 12, 2019, and assigned it a price target of $4. In a note dated August 07, 2019, BofA/Merrill reiterated an Underperform rating on this stock and revised its target price from $5 to $3.50.
Arlo Technologies Inc experienced fluctuations in its stock price throughout the past year between $3.37 and $12.11. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Arlo Technologies Inc [NYSE: ARLO] shares were valued at $11.40 at the most recent close of the market. An investor can expect a potential return of 22.81% based on the average ARLO price forecast.
Analyzing the ARLO fundamentals
Trailing Twelve Months sales for Arlo Technologies Inc [NYSE:ARLO] were 491.18M which represents 13.98% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.24 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
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 11.19 points at the first support level, and at 10.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.68, and for the 2nd resistance point, it is at 11.97.
Arlo Technologies Inc [ARLO] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of $0.03 and a surprise factor of 37.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.07 per share, a difference of $0.02 representing a surprise of 28.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arlo Technologies Inc [NYSE:ARLO] is 1.55. In addition, the Quick Ratio stands at 1.31 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 10.53.
Transactions by insiders
Recent insider trading involved CARTER MILLER JOYCELYN, Director, that happened on Feb 01 when 32000.0 shares were sold. CEO, MCRAE MATTHEW BLAKE completed a deal on Sep 01 to sell 0.19 million shares. Meanwhile, CEO MCRAE MATTHEW BLAKE sold 0.2 million shares on Aug 31.
