Arlo Technologies Inc. (NYSE:ARLO)’s traded shares stood at 0.51 million during the latest session, with the company’s beta value hitting 1.48. At the last check today, the stock’s price was $5.99, to imply an increase of 4.36% or $0.25 in intraday trading. The ARLO share’s 52-week high remains $9.76, putting it -62.94% down since that peak but still an impressive 51.09% since price per share fell to its 52-week low of $2.93. The company has a valuation of $539.50M, with an average of 3.36 million shares in intraday trading volume over the past 10 days and average of 1.03 million shares over the past 3 months.
Arlo Technologies Inc. (NYSE:ARLO) trade information
After registering a 4.36% upside in the latest session, Arlo Technologies Inc. (ARLO) has traded red over the past five days. The stock hit a weekly high of 6.08 this Wednesday, 03/15/23, jumping 4.36% in its intraday price action. The 5-day price performance for the stock is 0.50%, and 39.63% over 30 days. With these gigs, the year-to-date price performance is 70.66%. Short interest in Arlo Technologies Inc. (NYSE:ARLO) saw shorts transact 1.74 million shares and set a 3.35 days time to cover.
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Arlo Technologies Inc. (ARLO) estimates and forecasts
Looking at statistics comparing Arlo Technologies Inc. share performance against respective industry, we note that the company has outperformed competitors. Arlo Technologies Inc. (ARLO) shares are 9.31% up over the last 6 months, with its year-to-date growth rate higher than industry average at 157.14% against 16.70%. Revenue is forecast to shrink -350.00% this quarter before falling -800.00% for the next one. The rating firms project that company’s revenue will grow 10.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $107.44 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $94.71 million.Earnings reports from the last fiscal year show that sales brought in $142.86 million and $124.75 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -24.80% before dropping -24.10% in the following quarter.
Arlo Technologies Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Arlo Technologies Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Arlo Technologies Inc. (NYSE:ARLO)’s Major holders
Arlo Technologies Inc. insiders hold 6.10% of total outstanding shares, with institutional holders owning 74.45% of the shares at 79.29% float percentage. In total, 74.45% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 13.26 million shares (or 14.99% of shares), all amounting to roughly $61.55 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 7.09 million shares, or about 8.01% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $32.9 million.
We also have iShares Core S&P Smallcap ETF and Primecap Odyssey Aggressive Growth Fund as the top two Mutual Funds with the largest holdings of the Arlo Technologies Inc. (ARLO) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 6.52 million shares. This is just over 7.37% of the total shares, with a market valuation of $22.89 million. Data from the same date shows that the other fund manager holds a little less at 2.76 million, or 3.12% of the shares, all valued at about 9.67 million.