Arlo Technologies Inc (NYSE:ARLO) price on Thursday, March 20, fall -1.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.70.
A look at the stock’s price movement, the close in the last trading session was $10.87, moving within a range at $10.5835 and $11.045. The beta value (5-Year monthly) was 1.667. Turning to its 52-week performance, $17.64 and $9.92 were the 52-week high and 52-week low respectively. Overall, ARLO moved -6.39% over the past month.
Arlo Technologies Inc’s market cap currently stands at around $1.10 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 118.35M for the company’s revenue for the quarter, with a low and high estimate of 116.87M and 119.1M respectively. The average forecast suggests down to a -4.71% 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 521.94M, representing a 2.16% 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 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -6.87% and -7.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.32, while 7-day volatility ratio is 4.48% and 5.92% in the 30-day chart. Further, Arlo Technologies Inc (ARLO) has a beta value of 1.68, and an average true range (ATR) of 0.62. Analysts have given the company’s stock an average 52-week price target of $17, forecast between a low of $17 and high of $22. Looking at the price targets, the low is -58.88% off current price level while to achieve the yearly target high, price needs to move -105.61%. Nonetheless, investors will most likely welcome a -58.88% 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 1.1 over the past 10 days and 903.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 100.89 million shares.
The 4.79% of Arlo Technologies Inc’s shares are in the hands of company insiders while institutional holders own 88.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.55 million on 2025-02-28, giving us a short ratio of 5.93. The data shows that as of 2025-02-28 short interest in Arlo Technologies Inc (ARLO) stood at 536.00002 of shares outstanding, with shares short falling to 5.11 million registered in 2025-01-31. Current price change has pushed the stock -4.38% 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.
