Arlo Technologies Inc (NYSE:ARLO) price on Friday, January 17, fall -1.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.83.
A look at the stock’s price movement, the close in the last trading session was $11.95, moving within a range at $11.68 and $12.15. The beta value (5-Year monthly) was 1.789. Turning to its 52-week performance, $17.64 and $8.33 were the 52-week high and 52-week low respectively. Overall, ARLO moved -7.94% over the past month.
Arlo Technologies Inc’s market cap currently stands at around $1.19 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 121.36M for the company’s revenue for the quarter, with a low and high estimate of 120.39M and 122.3M respectively. The average forecast suggests down to a -10.17% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 510.66M, representing a 3.97% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARLO is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend ARLO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARLO’s current price about 2.99% and -0.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.15, while 7-day volatility ratio is 4.41% and 4.61% in the 30-day chart. Further, Arlo Technologies Inc (ARLO) has a beta value of 1.77, and an average true range (ATR) of 0.55. Analysts have given the company’s stock an average 52-week price target of $17, forecast between a low of $17 and high of $17. Looking at the price targets, the low is -43.7% off current price level while to achieve the yearly target high, price needs to move -43.7%. Nonetheless, investors will most likely welcome a -43.7% jump to $17 which is the analysts’ median price.
If we refocus on Arlo Technologies Inc (NYSE:ARLO), historical trading data shows that trading volumes averaged 0.69 over the past 10 days and 833.73K over the past 3 months. The company’s latest data on shares outstanding shows there are 100.32 million shares.
The 5.52% of Arlo Technologies Inc’s shares are in the hands of company insiders while institutional holders own 89.59% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.03 million on 2024-12-31, giving us a short ratio of 7.45. The data shows that as of 2024-12-31 short interest in Arlo Technologies Inc (ARLO) stood at 728.0 of shares outstanding, with shares short falling to 6.14 million registered in 2024-11-29. Current price change has pushed the stock 5.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARLO stock continues to rise going into the next quarter.
