Ambarella, Inc. (NASDAQ:AMBA) shares, rose in value on Wednesday, Jan 13, with the stock price up by 1.62% to the previous day’s close as strong demand from buyers drove the stock to $99.38.
Actively observing the price movement in the last trading, the stock closed the session at $97.8, falling within a range of $98.29 – and $102.42. The value of beta (5-year monthly) was 1.36 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $108.1, and the low was $36.02. On the whole, AMBA has fluctuated by 12.34% over the past month.
With the market capitalization of Ambarella, Inc. currently standing at about $3.73 Billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 01, 2021- Mar 05, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.08, which is expected to decline to $0.69 for fiscal year 2021 and then to about $0.55 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.61% in 2021, while the next year’s EPS growth is forecast to be 1.04%.
Analysts have estimated the company’s revenue for the quarter at $58.14 Million, with a low estimate of $57.96 Million and a high estimate of $59Million. According to the average forecast, sales growth in current quarter could jump up +1.6%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $218.95 Million, representing a decline of -4.3% from the revenues reported in the last year’s results.
We see that AMBA’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.
16 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 11 recommend it as a Buy and no body called the AMBA stock Outperform. In the meantime, 1 analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AMBA currently trading nearly 5.37% and 23.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.08, while the 7-day volatility ratio is showing 7.27% which for the 30-day chart, stands at 4.97%. Furthermore, Ambarella, Inc. (AMBA)’s beta value is 1.36, and its average true range (ATR) is 5.36. The company’s stock has been forecasted to trade at an average price of $93.36 over the course of the next 52 weeks, with a low of $63 and a high of $130. Based on these price targets, the low is -36.61 off current price, whereas the price has to move +30.81% to reach the yearly target high. Additionally, analysts’ median price of $91.5 is likely to be welcomed by investors because it represents an increase of -7.93% from the current levels.
A comparison of Ambarella, Inc. (AMBA) with its peers suggests the former has fared considerably better in the market. AMBA showed an intraday change of +1.62% in last session, and over the past year, it grew by +55.23%. In comparison, Broadcom Ltd (AVGO) has moved higher at +0.4% on the day and was up +46.41% over the past 12 months. On the other hand, the price of Adv Micro Devices (AMD) has fallen -3.75% on the day. The stock, however, is off 90.38% from where it was a year ago. Additionally, there is a gain of 162% for United Microelectronics Corp (UMC) in last trading while the stock has seen an overall apprecation of 55.23% over the past year. The PE ratio stands at 0 for Ambarella, Inc., compared to 71.44 for Broadcom Ltd, and 128.01 for Adv Micro Devices. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Ambarella, Inc. (NASDAQ:AMBA) indicates that the trading volumes over the past 10 days have averaged 856.03 Million and over the past 3 months, they’ve averaged 661.8 Million. According to company’s latest data on outstanding shares, there are 35.17 Million shares outstanding.
Nearly 4.64% of Ambarella, Inc.’s shares belong to company insiders and institutional investors own 76.46% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 2.32 Million shares as on December 14, 2020, resulting in a short ratio of 2.08. According to the data, the short interest in Ambarella, Inc. (AMBA) stood at 6.61% of shares outstanding as of December 14, 2020; the number of short shares registered in November reached 2.86 Million. The stock has risen by +8.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMBA stock heading into the next quarter.
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