After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted Arlo Technologies to Update Long-Term Financial Targets during Virtual Investor Day.
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Stocks Info
As a NYSE listed company, ARLO falls under the Industrials sector while operating within the Building Products & Equipment industry segment. The current market capitalization of Arlo Technologies Inc is $909.39M. A total of 1.56 million shares were traded on the day, compared to an average of 842.59K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ARLO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 24 SELLs from insiders. Insiders purchased 2,392,322 shares during that period but sold 2,019,021.
In the most recent transaction, CARTER MILLER JOYCELYN sold 32,000 shares of ARLO for 9.04 per share on Feb 01. After the transaction, the Director now owns 127,012 company shares. In a previous transaction on Sep 01, MCRAE MATTHEW BLAKE sold 187,623 shares at 9.82 per share. ARLO shares that CEO owns now total 2,438,972.
Among the insiders who sold shares, MCRAE MATTHEW BLAKE disposed of 197,153 shares on Aug 31 at a per-share price of $9.92. This resulted in the CEO holding 2,626,595 shares of ARLO after the transaction. In another insider transaction, MCRAE MATTHEW BLAKE sold 192,238 shares at $9.93 per share on Aug 30. Company shares held by the CEO now total 2,823,748.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ARLO in the last 3 months, the mean price target is $13.80 with high estimates of $17.00 and low estimates of $11.00. In terms of 52-week highs and lows, ARLO has a high of $11.54 and a low of $3.37.
As of this writing, ARLO has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.08. The company reported an EPS of $0.06 in the last quarter, which was 50.00% higher than expectations of $0.04.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ARLO’s latest balance sheet shows that the firm has $175.75M in Cash & Short Term Investments as of fiscal 2021. There were $26.08M in debt and $210.93M in liabilities at the time. Its Book Value Per Share was $0.95, while its Total Shareholder’s Equity was $112.65M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARLO is Buy with a score of 4.60.
