During the last session, Arlo Technologies Inc (NYSE:ARLO)’s traded shares were 1.22 million, with the beta value of the company hitting 1.78. At the end of the trading day, the stock’s price was $11.74, reflecting an intraday loss of -2.65% or -$0.32. The 52-week high for the ARLO share is $17.64, that puts it down -50.26 from that peak though still a striking 33.82% gain since the share price plummeted to a 52-week low of $7.77. The company’s market capitalization is $1.17B, and the average intraday trading volume over the past 10 days was 0.58 million shares, and the average trade volume was 940.07K shares over the past three months.
Arlo Technologies Inc (ARLO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. ARLO has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
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Arlo Technologies Inc (NYSE:ARLO) trade information
Arlo Technologies Inc (ARLO) registered a -2.65% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.65% in intraday trading to $11.74, hitting a weekly high. The stock’s 5-day price performance is -5.63%, and it has moved by -19.59% in 30 days. Based on these gigs, the overall price performance for the year is 16.93%. The short interest in Arlo Technologies Inc (NYSE:ARLO) is 5.78 million shares and it means that shorts have 5.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 16.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $14 respectively. As a result, ARLO is trading at a discount of -19.25% off the target high and -19.25% off the low.
Arlo Technologies Inc (ARLO) estimates and forecasts
Statistics show that Arlo Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Arlo Technologies Inc (ARLO) shares have gone down -0.76% during the last six months, with a year-to-date growth rate more than the industry average at 42.86% against 17.00. In the rating firms’ projections, revenue will increase 7.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 136.52M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 139.35M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.70%. While earnings are projected to return 44.81% in 2024.
ARLO Dividends
Arlo Technologies Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arlo Technologies Inc (NYSE:ARLO)’s Major holders
Arlo Technologies Inc insiders own 4.05% of total outstanding shares while institutional holders control 89.76%, with the float percentage being 93.55%. BLACKROCK INC. is the largest shareholder of the company, while 272.0 institutions own stock in it. As of 2024-06-30, the company held over 15.52 million shares (or 16.1236% of all shares), a total value of $202.4 million in shares.
The next largest institutional holding, with 9.4 million shares, is of VANGUARD GROUP INC’s that is approximately 9.764% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $122.57 million.
