The stock of Arlo Technologies Inc (ARLO) has gone down by -1.55% for the week, with a -3.87% drop in the past month and a -9.90% drop in the past quarter. The volatility ratio for the week is 4.36%, and the volatility levels for the past 30 days are 3.80% for ARLO. The simple moving average for the last 20 days is 0.97% for ARLO stock, with a simple moving average of 0.76% for the last 200 days.
Is It Worth Investing in Arlo Technologies Inc (NYSE: ARLO) Right Now?
The 36-month beta value for ARLO is also noteworthy at 1.77. 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.”
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The public float for ARLO is 94.43M, and at present, short sellers hold a 6.34% of that float. The average trading volume of ARLO on September 20, 2024 was 915.88K shares.
ARLO) stock’s latest price update
Arlo Technologies Inc (NYSE: ARLO)’s stock price has increased by 1.16 compared to its previous closing price of 11.65. However, the company has seen a -1.55% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-08 that Arlo Technologies, Inc. (NYSE:ARLO ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Tahmin Clarke – Investor Relations Matthew McRae – Chief Executive Officer Kurt Binder – Chief Operating Officer and CFO Conference Call Participants Jacob Stephan – Lake Street Mark Cash – Raymond James Scott Searle – ROTH Capital Hamed Khorsand – BWS Financial Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode.
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 -11.27% 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 -33.19% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares sank -1.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.61% lower at present.
During the last 5 trading sessions, ARLO fell by -1.00%, which changed the moving average for the period of 200-days by +19.34% in comparison to the 20-day moving average, which settled at $11.67. In addition, Arlo Technologies Inc saw 23.79% 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 FAISON RALPH E, who purchase 8,842 shares at the price of $11.89 back on Aug 12 ’24. After this action, FAISON RALPH E now owns 385,599 shares of Arlo Technologies Inc, valued at $105,090 using the latest closing price.
CARTER MILLER JOYCELYN, the Director of Arlo Technologies Inc, sale 19,629 shares at $15.03 during a trade that took place back on Jul 09 ’24, which means that CARTER MILLER JOYCELYN is holding 121,144 shares at $295,024 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
- 0.36 for the gross margin
The net margin for Arlo Technologies Inc stands at -0.04. The total capital return value is set at -0.2. Equity return is now at value -23.90, with -7.66 for asset returns.
Based on Arlo Technologies Inc (ARLO), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 2.16. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 33.13.
Currently, EBITDA for the company is -19.55 million with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 2.18. The receivables turnover for the company is 8.37for trailing twelve months and the total asset turnover is 1.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
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.
