Alarm.com Holdings Inc. (ALRM) traded on unusually high volume on Feb. 08, as the stock lost 0.66% to close at $27.14. On the day, Alarm.com Holdings Inc. saw 290,010 shares trade hands on 2,019 trades. Considering that the stock averages only a daily volume of 166,745 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $34.43 and $14.00 over the last 52-weeks, its 50-day SMA is now $28.02, and its 200-day SMA $26.89. Alarm.com Holdings Inc. has a P/B ratio of 6.77. It also has a P/E ratio of 60.5.
Alarm.com Holdings Inc is a cloud-based software platform solution for the connected home. The Company through its cloud-based services makes connected home technology accessible to millions of home and business owners.
Headquartered in Tysons, VA, Alarm.com Holdings Inc. has 579 employees and is currently under the leadership of CEO Stephen Trundle.
For a complete fundamental analysis analysis of Alarm.com Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for ALRM.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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