Ambarella Inc (NASDAQ:AMBA) price on Friday, December 27, fall -2.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $73.51.
A look at the stock’s price movement, the close in the last trading session was $75.08, moving within a range at $72.21 and $74.96. The beta value (5-Year monthly) was 1.624. Turning to its 52-week performance, $81.32 and $39.69 were the 52-week high and 52-week low respectively. Overall, AMBA moved 7.46% over the past month.
Ambarella Inc’s market cap currently stands at around $3.07 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 78.04M for the company’s revenue for the quarter, with a low and high estimate of 77.7M and 78.5M respectively. The average forecast suggests up to a 51.19% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 279M, representing a 23.19% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMBA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 5 recommend AMBA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMBA’s current price about 1.69% and 13.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.90, while 7-day volatility ratio is 3.97% and 5.21% in the 30-day chart. Further, Ambarella Inc (AMBA) has a beta value of 1.67, and an average true range (ATR) of 3.36. Analysts have given the company’s stock an average 52-week price target of $75, forecast between a low of $65 and high of $85. Looking at the price targets, the low is 11.58% off current price level while to achieve the yearly target high, price needs to move -15.63%. Nonetheless, investors will most likely welcome a -2.03% jump to $75 which is the analysts’ median price.
If we refocus on Ambarella Inc (NASDAQ:AMBA), historical trading data shows that trading volumes averaged 0.58 over the past 10 days and 572.31K over the past 3 months. The company’s latest data on shares outstanding shows there are 41.67 million shares.
The 5.94% of Ambarella Inc’s shares are in the hands of company insiders while institutional holders own 79.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.43 million on 2024-11-15, giving us a short ratio of 4.52. The data shows that as of 2024-11-15 short interest in Ambarella Inc (AMBA) stood at 407.00003999999996 of shares outstanding, with shares short rising to 1.37 million registered in 2024-10-15. Current price change has pushed the stock 19.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMBA stock continues to rise going into the next quarter.
