Arlo Technologies Inc. [NYSE: ARLO] traded at a high on 02/01/21, posting a 21.05 gain after which it closed the day’ session at $10.18. The company report on January 21, 2021 that Arlo Technologies Schedules Fourth Quarter and Full Year 2020 Results Conference Call.
Arlo Technologies, Inc. (NYSE: ARLO), a leading internet-connected camera brand, announced that it will hold a conference call with investors and analysts on Tuesday, February 23, 2021 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the Company’s fourth quarter and full year 2020 results. The news release announcing the fourth quarter and full year 2020 results will be disseminated on February 23, 2021 after the market closes.
The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET (2:00 p.m. PT) on February 23, 2021 is (866) 393-4306. The international dial-in number for the live audio call is (734) 385-2616. The conference ID for the call is 8394616. A live webcast of the conference call will be available on Arlo’s Investor Relations website at http://investor.arlo.com. A replay of the call will be available via the web at http://investor.arlo.com.
The results of the trading session contributed to over 5511793 shares changing hands. Over the past one week, the price volatility of Arlo Technologies Inc. stands at 8.84% while the volatility over the past one month is 6.09%.
The market cap for ARLO stock reached $797.91 million, with 78.66 million shares outstanding and 76.84 million shares in the current float. Compared to the average trading volume of 2.01M shares, ARLO reached a trading volume of 5511793 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Arlo Technologies Inc. [ARLO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARLO shares is $8.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARLO stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Arlo Technologies Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 29, 2020. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on November 12, 2019, representing the official price target for Arlo Technologies Inc. stock. Previously, the target price had yet another raise to $4, while Deutsche Bank analysts kept a Buy rating on ARLO stock. On August 07, 2019, analysts decreased their price target for ARLO shares from 5 to 3.50.
The Average True Range (ATR) for Arlo Technologies Inc. is set at 0.55, with the Price to Sales ratio for ARLO stock in the period of the last 12 months amounting to 2.19. The Price to Book ratio for the last quarter was 5.66, with the Price to Cash per share for the same quarter was set at 2.47.
How has ARLO stock performed recently?
Arlo Technologies Inc. [ARLO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.52. With this latest performance, ARLO shares gained by 29.68% in over the last four-week period, additionally plugging by 141.23% over the last 6 months – not to mention a rise of 138.41% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARLO stock in for the last two-week period is set at 75.76, with the RSI for the last a single of trading hit 82.27, and the three-weeks RSI is set at 71.62 for Arlo Technologies Inc. [ARLO]. The present Moving Average for the last 50 days of trading for this stock 7.61, while it was recorded at 8.67 for the last single week of trading, and 4.96 for the last 200 days.
Arlo Technologies Inc. [ARLO]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Arlo Technologies Inc. [ARLO] shares currently have an operating margin of -37.47 and a Gross Margin at +9.58. Arlo Technologies Inc.’s Net Margin is presently recorded at -23.25.
Return on Total Capital for ARLO is now -52.52, given the latest momentum, and Return on Invested Capital for the company is -32.94. Return on Equity for this stock declined to -36.35, with Return on Assets sitting at -14.15. When it comes to the capital structure of this company, Arlo Technologies Inc. [ARLO] has a Total Debt to Total Equity ratio set at 16.18. Additionally, ARLO Total Debt to Total Capital is recorded at 13.93, with Total Debt to Total Assets ending up at 5.54. Long-Term Debt to Equity for the company is recorded at 14.26, with the Long-Term Debt to Total Capital now at 12.27.
Reflecting on the efficiency of the workforce at the company, Arlo Technologies Inc. [ARLO] managed to generate an average of -$246,278 per employee. Receivables Turnover for the company is 2.42 with a Total Asset Turnover recorded at a value of 0.61.Arlo Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.
Earnings analysis for Arlo Technologies Inc. [ARLO]
With the latest financial reports released by the company, Arlo Technologies Inc. posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.31/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARLO.
Insider trade positions for Arlo Technologies Inc. [ARLO]
There are presently around $578 million, or 73.90% of ARLO stock, in the hands of institutional investors. The top three institutional holders of ARLO stocks are: BLACKROCK INC. with ownership of 11,264,576, which is approximately -4.03% of the company’s market cap and around 1.60% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 5,084,920 shares of the stock with an approximate value of $51.76 million in ARLO stocks shares; and VANGUARD GROUP INC, currently with $51.6 million in ARLO stock with ownership of nearly -5.575% of the company’s market capitalization.
Positions in Arlo Technologies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 67 institutional holders increased their position in Arlo Technologies Inc. [NYSE:ARLO] by around 4,385,509 shares. Additionally, 61 investors decreased positions by around 3,683,127 shares, while 25 investors held positions by with 48,686,131 shares. The mentioned changes placed institutional holdings at 56,754,767 shares, according to the latest SEC report filing. ARLO stock had 25 new institutional investments in for a total of 1,907,801 shares, while 13 institutional investors sold positions of 351,190 shares during the same period.