A share price of Ambarella Inc [AMBA] is currently trading at $49.82, up 3.45%. 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 10.32% over the last week, with a monthly amount drifted -13.76%, and not seem to be holding up well over a long-time horizon.
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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.
Ambarella Inc experienced fluctuations in its stock price throughout the past year between $39.69 and $76.36. Currently, Wall Street analysts expect the stock to reach $131.23 within the next 12 months. Ambarella Inc [NASDAQ: AMBA] shares were valued at $49.82 at the most recent close of the market. An investor can expect a potential return of 163.41% based on the average AMBA price forecast.
Analyzing the AMBA fundamentals
Trailing Twelve Months sales for Ambarella Inc [NASDAQ:AMBA] were 218.81M which represents -12.34% decline. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.71%, Pretax Profit Margin comes in at -0.69%, and Net Profit Margin reading is -0.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.3 and Total Capital is -0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 48.86 points at the first support level, and at 47.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.39, and for the 2nd resistance point, it is at 50.97.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ambarella Inc [NASDAQ:AMBA] is 3.69. In addition, the Quick Ratio stands at 3.30 and the Cash Ratio stands at 1.82. Considering the valuation of this stock, the price to sales ratio is 9.33, the price to book ratio is 3.68.
Transactions by insiders
Recent insider trading involved Day Christopher, VP, Marketing, that happened on Jul 08 ’24 when 1408.0 shares were sold. Sr. Vice President, Systems, Ju Chi-Hong completed a deal on Jun 26 ’24 to sell 6000.0 shares. Meanwhile, Sr. Vice President, Systems Ju Chi-Hong sold 8900.0 shares on Jun 21 ’24.
