While Arlo Technologies Inc has overperformed by 5.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ARLO rose by 29.91%, with highs and lows ranging from $17.64 to $7.77, whereas the simple moving average fell by -2.13% in the last 200 days.
On October 31, 2023, ROTH MKM started tracking Arlo Technologies Inc (NYSE: ARLO) recommending Buy. A report published by Craig Hallum on June 29, 2023, Initiated its previous ‘Buy’ rating for ARLO. Lake Street also rated ARLO shares as ‘Buy’, setting a target price of $14 on the company’s shares in an initiating report dated January 25, 2022. Deutsche Bank initiated its ‘Buy’ rating for ARLO, as published in its report on November 12, 2019. Deutsche Bank’s report from November 12, 2019 suggests a price prediction of $4 for ARLO shares, giving the stock a ‘Buy’ rating. BofA/Merrill also rated the stock as ‘Underperform’.
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Analysis of Arlo Technologies Inc (ARLO)
Further, the quarter-over-quarter increase in sales is 10.75%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Arlo Technologies Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -23.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ARLO is recording an average volume of 772.48K. On a monthly basis, the volatility of the stock is set at 3.77%, whereas on a weekly basis, it is put at 5.39%, with a gain of 10.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.20, showing growth from the present price of $11.77, which can serve as yet another indication of whether ARLO is worth investing in or should be passed over.
How Do You Analyze Arlo Technologies Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ARLO shares are owned by institutional investors to the tune of 89.10% at present.
