With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. The 52-week range on ARLO shows that it touched its highest point at $17.64 and its lowest point at $8.63 during that stretch. It currently has a 1-year price target of $17.80. Beta for the stock currently stands at 1.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARLO was up-trending over the past week, with a rise of 3.94%, but this was up by 1.45% over a month. Three-month performance dropped to -0.08% while six-month performance fell -4.50%. The stock gained 35.62% in the past year, while it has gained 6.17% so far this year. A look at the trailing 12-month EPS for ARLO yields -0.26 with Next year EPS estimates of 0.53. For the next quarter, that number is 0.10. This implies an EPS growth rate of 45.29% for this year and 30.09% for next year. EPS is expected to grow by 28.92% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.70%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARLO since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.41672 being high and $0.39688 being low. For ARLO, this leads to a yearly average estimate of $0.4068. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.1.
