With 3.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.79 million shares. The 52-week range on ARLO shows that it touched its highest point at $17.64 and its lowest point at $9.92 during that stretch. It currently has a 1-year price target of $18.60. Beta for the stock currently stands at 1.67.
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 5.19%, but this was up by 4.02% over a month. Three-month performance surged to 0.91% while six-month performance fell -0.25%. The stock gained 21.99% in the past year, while it has gained 8.58% so far this year. A look at the trailing 12-month EPS for ARLO yields -0.31 with Next year EPS estimates of 0.73. For the next quarter, that number is 0.12. This implies an EPS growth rate of 48.77% for this year and 22.45% for next year.
Float and Shares Shorts:
At present, 100.89 million ARLO shares are outstanding with a float of 96.76 million shares on hand for trading.
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 $0.16 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.14.
Summary of Insider Activity:
Insiders traded ARLO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
