Arlo Technologies Inc (NYSE: ARLO)’s stock price has gone rise by 0.38 in comparison to its previous close of 10.53, however, the company has experienced a -7.36% decrease in its stock price over the last five trading days. Business Wire reported 2024-04-15 that SAN JOSE, Calif.–(BUSINESS WIRE)–Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security company, today announced that it will hold a conference call with investors and analysts on Thursday, May 9, 2024 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the Company’s first quarter 2024 results. The news release announcing the first quarter 2024 results will be disseminated on May 9, 2024 after the market closes. The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET.
Is It Worth Investing in Arlo Technologies Inc (NYSE: ARLO) Right Now?
The 36-month beta value for ARLO is also noteworthy at 1.92. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for ARLO is 91.29M, and at present, short sellers hold a 4.20% of that float. The average trading volume of ARLO on April 19, 2024 was 988.80K shares.
ARLO’s Market Performance
ARLO’s stock has seen a -7.36% decrease for the week, with a -14.41% drop in the past month and a 21.63% gain in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 3.30% for Arlo Technologies Inc. The simple moving average for the past 20 days is -11.36% for ARLO’s stock, with a 5.51% simple moving average for the past 200 days.
Analysts’ Opinion of ARLO
Many brokerage firms have already submitted their reports for ARLO stocks, with ROTH MKM repeating the rating for ARLO by listing it as a “Buy.” The predicted price for ARLO in the upcoming period, according to ROTH MKM is $13 based on the research report published on October 31, 2023 of the previous year 2023.
Craig Hallum, on the other hand, stated in their research note that they expect to see ARLO reach a price target of $17. The rating they have provided for ARLO stocks is “Buy” according to the report published on June 29th, 2023.
Lake Street gave a rating of “Buy” to ARLO, setting the target price at $14 in the report published on January 25th of the previous year.
ARLO Trading at -2.59% from the 50-Day Moving Average
After a stumble in the market that brought ARLO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.76% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -16.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.63% upper at present.
During the last 5 trading sessions, ARLO fell by -7.36%, which changed the moving average for the period of 200-days by -2.67% in comparison to the 20-day moving average, which settled at $11.82. In addition, Arlo Technologies Inc saw 11.03% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARLO starting from Busse Brian, who sale 56,973 shares at the price of $11.68 back on Mar 13 ’24. After this action, Busse Brian now owns 604,905 shares of Arlo Technologies Inc, valued at $665,445 using the latest closing price.
MCRAE MATTHEW BLAKE, the CEO of Arlo Technologies Inc, sale 119,900 shares at $10.91 during a trade that took place back on Mar 06 ’24, which means that MCRAE MATTHEW BLAKE is holding 2,195,050 shares at $1,308,133 based on the most recent closing price.
Stock Fundamentals for ARLO
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.34 for the gross margin
The net margin for Arlo Technologies Inc stands at -0.04. The total capital return value is set at -0.11. Equity return is now at value -23.08, with -5.80 for asset returns.
Based on Arlo Technologies Inc (ARLO), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.8.
Currently, EBITDA for the company is -19.55 million with net debt to EBITDA at 1.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.96. The receivables turnover for the company is 7.51for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In summary, Arlo Technologies Inc (ARLO) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
