Looking into the technicals, Arlo Technologies, Inc. (NYSE:ARLO) has scored 96% Sell indication. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the ARLO’s short-term trajectory should know that short terms indicators for the stock averaged 80% Sell with an average daily trading volume over the past 20 days at 4132345 shares. ARLO stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 2383054 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 1467944 shares, is 100% Sell on the basis of long term indicators.
The share price is currently staying around the first support level of $3.45. Below this, the next support is placed in the zone of $3.23. Till the time, the ARLO stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 22 on daily chart, which may remain a cause for comfort. If the price breaks below $3.23 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $3.82 mark may result into a pull-back move towards $3.97 level.
Arlo Technologies, Inc. (ARLO) is projected to climb by 463.86 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $8 price as 12-month high target. This represents a whopping 117.39 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $7.5, which represents a return potential of 103.8 percent when compared to the closing price of the stock of $3.68 on Tuesday, February 12. The lowest price target for the stock is $5 — slightly more than 35.87 percent from ARLO’s current share price.
Here’s a rundown of insider trading activity for sense of Arlo Technologies, Inc. (NYSE:ARLO). The earliest insider trade took place on 08/08/2018. Faison Ralph E gathered a total of 5 thousand shares of company at average share price of $19.95. The total for the purchase was set at $99.75 thousand. After this transaction, the Director account balance stood at 17.5 thousand shares. The stock lost -81.55 percent since that insider purchase. On 08/07/2018, Gorjanc Christine Marie, CFO, purchased 5 thousand shares at a price per share of $16. This added 80 thousand shares to the insider’s fortune and the stock saw a -77 percent retreat in value since the news became public. This transaction left 5 thousand shares in the CFO account. On 08/07/2018, Director Lo Patrick Cs performed a purchase transaction worth $400 thousand. This purchase at $16 each has added 25 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -77 percent decrease since the transaction was reported. The insider now is left with 25 thousand shares remaining in the account. Busse Brian, bought 2.5 thousand shares for $40 thousand. The acquisition occurred on 08/07/2018 was priced at $16 per share. The share price plunged -77 percent since the reporting date. Busse Brian now left with a stake of 2.5 thousand ARLO stock worth $9.2 thousand after the insider buying.
ARLO shares dropped 0 points or 0 percent on Tuesday to $3.68 with a heavy trade volume of 7.94 million shares. After opening the session at $3.72, the shares went as high as $3.74 and as low as $3.37, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $281 million and now has 76.48 million shares outstanding. Arlo Technologies, Inc. (ARLO) stock has lost -53.42 percent of market value in 21 trading days.
Analysts at Imperial Capital lifted target price for shares of Arlo Technologies, Inc. (NYSE:ARLO) but repeated their Outperform recommendation for the stock in their opinion released on February 07. The price target has been raised from $29 to $7.50. BofA/Merrill analysts have downgraded their rating of ARLO stock from Neutral to Underperform in a separate flash note to investors on February 06. Analysts at Imperial Capital are sticking to their Outperform recommendation. However, on January 04, they lifted target price for these shares to $29 from $39. Analysts at Imperial Capital, made their first call for the stock with a Outperform rating, according to a research note that dated back to January 04.
ARLO stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.93 a share in the trailing twelve months. The stock’s value has fallen -63.13 percent year to date (YTD) against a decline of 0 percent in 12 month’s time. The company’s shares still trade -84.52 percent away from its 1-year high of $23.77 and 1.66 percent up from 52-week low of $3.62. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Arlo Technologies, Inc. (ARLO) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry ARLO operates in has an average P/E of 32.03. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 0.6 on the Price-to-Sales ratio. Compare this with the industry average P/S of 8522.76. 21 percent is the gross profit margin for Arlo Technologies, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.
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