At the time of writing, Arlo Technologies Inc [ARLO] stock is trading at $11.60, up 3.20%. 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 3.39% over the last week, with a monthly amount drifted -0.34%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Arlo Technologies Inc fluctuated between $7.77 and $17.64. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Arlo Technologies Inc [NYSE: ARLO] shares were valued at $11.60 at the most recent close of the market. An investor can expect a potential return of 20.69% based on the average ARLO price forecast.
Analyzing the ARLO fundamentals
According to Arlo Technologies Inc [NYSE:ARLO], the company’s sales were 516.74M for trailing twelve months, which represents an 10.75% jump. Gross Profit Margin for this corporation currently stands at 0.36% 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 -0.07, Equity is -0.22 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 11.31 points at the first support level, and at 11.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.80, and for the 2nd resistance point, it is at 11.99.
Ratios To Look Out For
It is important to note that Arlo Technologies Inc [NYSE:ARLO] has a current ratio of 1.48. Further, the Quick Ratio stands at 1.23, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 11.49.
Transactions by insiders
Recent insider trading involved FAISON RALPH E, Director, that happened on Aug 12 ’24 when 8842.0 shares were purchased. Director, CARTER MILLER JOYCELYN completed a deal on Jul 09 ’24 to sell 19629.0 shares. Meanwhile, Director Rothstein Amy M sold 15000.0 shares on Jul 09 ’24.
