Arlo Technologies Inc [ARLO] stock prices are up 1.32% to $12.26 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARLO shares have gain 9.37% over the last week, with a monthly amount glided 37.14%, 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.
The stock price of Arlo Technologies Inc [ARLO] has been fluctuating between $5.31 and $12.11 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Arlo Technologies Inc [NYSE: ARLO] shares were valued at $12.26 at the most recent close of the market. An investor can expect a potential return of 14.19% based on the average ARLO price forecast.
Analyzing the ARLO fundamentals
The Arlo Technologies Inc [NYSE:ARLO] reported sales of 491.18M for trailing twelve months, representing a surge of 13.98%. 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 -0.06, Equity is -0.24 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 11.99 points at the first support level, and at 11.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.51, and for the 2nd resistance point, it is at 12.77.
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
It’s worth pointing out that Arlo Technologies Inc [NYSE:ARLO]’s Current Ratio is 1.55. Further, the Quick Ratio stands at 1.31, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 2.40, the price to book ratio is 11.32.
Transactions by insiders
Recent insider trading involved Busse Brian, GENERAL COUNSEL, that happened on Mar 13 ’24 when 56973.0 shares were sold. CEO, MCRAE MATTHEW BLAKE completed a deal on Mar 06 ’24 to sell 0.12 million shares. Meanwhile, CHIEF FINANCIAL OFFICER BINDER KURTIS JOSEPH sold 18120.0 shares on Mar 06 ’24.
