At the time of writing, Ambarella Inc [AMBA] stock is trading at $59.70, up 0.71%. 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 gain 19.71% over the last week, with a monthly amount glided 24.84%, and 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 August 28, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $75 from $65. Previously, Wells Fargo downgraded its rating to Equal Weight on January 03, 2024, and dropped its price target to $65. On September 18, 2023, Northland Capital initiated with a Outperform rating and assigned a price target of $70 on the stock. Needham reiterated its Buy rating and decreased its price target to $90 on August 30, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $65 on August 30, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on May 31, 2023. In a note dated April 06, 2023, Imperial Capital upgraded an Outperform rating on this stock but restated the target price of $95.
For the past year, the stock price of Ambarella Inc fluctuated between $39.69 and $65.88. Currently, Wall Street analysts expect the stock to reach $122.38 within the next 12 months. Ambarella Inc [NASDAQ: AMBA] shares were valued at $59.70 at the most recent close of the market. An investor can expect a potential return of 104.99% based on the average AMBA price forecast.
Analyzing the AMBA fundamentals
According to Ambarella Inc [NASDAQ:AMBA], the company’s sales were 220.41M for trailing twelve months, which represents an 2.58% jump. 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 -0.79%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.31 and Total Capital is -0.28. 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 58.81 points at the first support level, and at 57.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.54, and for the 2nd resistance point, it is at 61.39.
Ratios To Look Out For
It is important to note that Ambarella Inc [NASDAQ:AMBA] has a current ratio of 3.06. Also, the Quick Ratio is 2.72, while the Cash Ratio stands at 1.68. Considering the valuation of this stock, the price to sales ratio is 11.10, the price to book ratio is 4.41.
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.
