Ambarella Inc [AMBA] stock prices are up 4.15% to $56.47 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMBA shares have gain 4.77% over the last week, with a monthly amount glided 1.67%, 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.
The stock price of Ambarella Inc [AMBA] has been fluctuating between $39.69 and $65.88 over the past year. Currently, Wall Street analysts expect the stock to reach $122.38 within the next 12 months. Ambarella Inc [NASDAQ: AMBA] shares were valued at $56.47 at the most recent close of the market. An investor can expect a potential return of 116.72% based on the average AMBA price forecast.
Analyzing the AMBA fundamentals
The Ambarella Inc [NASDAQ:AMBA] reported sales of 220.41M for trailing twelve months, representing a surge of 2.58%. Gross Profit Margin for this corporation currently stands at 0.6% 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. 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 54.52 points at the first support level, and at 52.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.75, and for the 2nd resistance point, it is at 59.02.
Ratios To Look Out For
It’s worth pointing out that Ambarella Inc [NASDAQ:AMBA]’s Current Ratio is 3.06. As well, the Quick Ratio is 2.72, while the Cash Ratio is 1.68. Considering the valuation of this stock, the price to sales ratio is 10.57, the price to book ratio is 4.26.
Transactions by insiders
Recent insider trading involved Day Christopher, Officer, that happened on Sep 30 ’24 when 2904.0 shares were purchased. Director, PAISLEY CHRISTOPHER B completed a deal on Sep 25 ’24 to sell 500.0 shares. Meanwhile, Director Schwarting Elizabeth M sold 913.0 shares on Sep 24 ’24.
