At the time of writing, Ambarella Inc [AMBA] stock is trading at $57.82, up 3.32%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AMBA shares have gain 3.53% over the last week, with a monthly amount glided 8.83%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results. In a post published today on Yahoo Finance, Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced fourth quarter and full year fiscal 2024 financial results for the period ended January 31, 2024.
From an analyst’s perspective:
Ambarella Inc [NASDAQ: AMBA] stock has seen the most recent analyst activity on January 03, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $65 from $85. Previously, Northland Capital started tracking the stock with Outperform rating on September 18, 2023, and set its price target to $70. On August 30, 2023, Needham reiterated its Buy rating and revised its price target to $90 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $65 on August 30, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Imperial Capital upgraded its rating to Outperform for this stock on April 06, 2023, but kept the price target unchanged to $95. In a note dated March 01, 2023, ROTH MKM downgraded an Neutral rating on this stock but restated the target price of $95.
For the past year, the stock price of Ambarella Inc fluctuated between $43.59 and $89.18. Currently, Wall Street analysts expect the stock to reach $147.58 within the next 12 months. Ambarella Inc [NASDAQ: AMBA] shares were valued at $57.82 at the most recent close of the market. An investor can expect a potential return of 155.24% based on the average AMBA price forecast.
Analyzing the AMBA fundamentals
According to Ambarella Inc [NASDAQ:AMBA], the company’s sales were 226.47M for trailing twelve months, which represents an -38.05% plunge. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.68%, Pretax Profit Margin comes in at -0.66%, and Net Profit Margin reading is -0.75%. To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.29 and Total Capital is -0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 56.70 points at the first support level, and at 55.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.85, and for the 2nd resistance point, it is at 59.89.
Ambarella Inc [AMBA] reported earnings per share of -$0.24 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.33/share, meaning a difference of $0.09 and a surprise factor of 27.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were -$0.28 per share as compared to estimates of -$0.39 per share, a difference of $0.11 representing a surprise of 28.20%.
Ratios To Look Out For
It is important to note that Ambarella Inc [NASDAQ:AMBA] has a current ratio of 3.38. In addition, the Quick Ratio stands at 3.03 and the Cash Ratio stands at 1.75. Considering the valuation of this stock, the price to sales ratio is 10.28, the price to book ratio is 3.93.
Transactions by insiders
Recent insider trading involved PAISLEY CHRISTOPHER B, Director, that happened on Dec 26 ’23 when 500.0 shares were sold. CFO, WHITE BRIAN C completed a deal on Dec 19 ’23 to sell 3357.0 shares. Meanwhile, CEO Wang Feng-Ming sold 3093.0 shares on Dec 19 ’23.
