With 1.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.9 million shares. The 52-week range on ARLO shows that it touched its highest point at $17.64 and its lowest point at $7.84 during that stretch. It currently has a 1-year price target of $19.00. Beta for the stock currently stands at 2.02.
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 down-trending over the past week, with a drop of -0.63%, but this was up by 24.95% over a month. Three-month performance surged to 56.07% while six-month performance rose 30.93%. The stock gained 26.60% in the past year, while it has gained 53.98% so far this year. A look at the trailing 12-month EPS for ARLO yields -0.22 with Next year EPS estimates of 0.73. For the next quarter, that number is 0.15. This implies an EPS growth rate of 55.80% for this year and 17.73% for next year.
Float and Shares Shorts:
At present, 103.30 million ARLO shares are outstanding with a float of 98.04 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.
