Ambarella Inc. (AMBA) stock forecast: Can it reach its 52-week high of $99.86

At the time of writing, Ambarella Inc. [AMBA] stock is trading at $71.78, up 2.85%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMBA shares have lost -0.36% over the last week, with a monthly amount glided 11.05%, and seem to be holding up well over a long-time horizon.

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On 9, May 2023, Ambarella Announces First Quarter Fiscal Year 2024 Earnings Conference Call to be Held May 30, 2023. In a post published today on Yahoo Finance, Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its first quarter fiscal year 2024 earnings conference call on Tuesday, May 30th at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day.

From an analyst’s perspective:

For the past year, the stock price of Ambarella Inc. fluctuated between $49.02 and $99.86. Currently, Wall Street analysts expect the stock to reach $98.96 within the next 12 months. Ambarella Inc. [NASDAQ: AMBA] shares were valued at $71.78 at the most recent close of the market. An investor can expect a potential return of 37.87% based on the average AMBA price forecast.

Analyzing the AMBA fundamentals

According to Ambarella Inc. [NASDAQ:AMBA], the company’s sales were 83.32 billion in the recent quarter, which represents an -7.60% plunge. Gross Margin for this corporation currently stands at +60.73% with Operating Margin at -21.08%, Pretax Margin comes in at -21.01%, and Net Margin reading is -19.37%. To continue investigating profitability, this company’s Return on Assets is posted at -9.56, Equity is -11.34, Total Capital is -12.13, and Invested Capital is -11.21. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 1.40 and enduring liabilities to the whole assets at 1.22.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 70.00 points at the first support level, and at 68.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.21, and for the 2nd resistance point, it is at 74.63.

Ambarella Inc. [AMBA] reported earnings per share of $0.23 for its fiscal quarter that ended on 1/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of $0.09 and a surprise factor of 64.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2022 were $0.24 per share as compared to estimates of $0.2 per share, a difference of $0.04 representing a surprise of 20.00%.

Ratios To Look Out For

It is important to note that Ambarella Inc. [NASDAQ:AMBA] has a current ratio of 3.60. Also, the Quick Ratio is 3.16, while the Cash Ratio stands at 2.48. Considering the valuation of this stock, the price to sales ratio is 10.21, the price to book ratio is 5.79.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 18 insider buyings of 149,607 shares and 10 insider sellings of 60,822 shares. Recent insider trading involved Day Christopher, VP, Marketing, that happened on Apr 13 when 3675.0 shares were sold. CEO, Wang Feng-Ming completed a deal on Mar 17 to sell 16644.0 shares. Meanwhile, Chief Technology Officer Kohn Leslie sold 11881.0 shares on Mar 17.