Arlo Technologies Inc (NYSE:ARLO) shares, rose in value, with the stock price up by 5.26% to the previous day’s close as strong demand from buyers drove the stock to $11.80.
Actively observing the price movement in the last trading, the stock closed the session at $11.21. Referring to stock’s 52-week performance, its high was $13.34, and the low was $6.19. On the whole, ARLO has fluctuated by -7.60% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 530.52M, with a low estimate of 122M and a high estimate of 125.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 123.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARLO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ARLO currently trading nearly 3.94% and 6.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.32, while the 7-day volatility ratio is showing 3.50% which for the 30-day chart, stands at 3.23%. Furthermore, Arlo Technologies Inc (ARLO)’s beta value is 1.90, and its average true range (ATR) is 0.40.
A comparison of Arlo Technologies Inc (ARLO) with its peers suggests the former has fared considerably weaker in the market. ARLO showed an intraday change of 5.26% in last session, and over the past year, it grew by 85.24%%.
Data on historical trading for Arlo Technologies Inc (NYSE:ARLO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 95.38 million shares outstanding.
Nearly 5.12% of Arlo Technologies Inc’s shares belong to company insiders and institutional investors own 83.04% of the company’s shares. The stock has risen by 23.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARLO stock heading into the next quarter.
