While Ambarella Inc has underperformed by -1.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMBA fell by -15.44%, with highs and lows ranging from $65.88 to $39.69, whereas the simple moving average jumped by 1.43% in the last 200 days.
On August 28, 2024, TD Cowen Reiterated Ambarella Inc (NASDAQ: AMBA) to Hold. A report published by Wells Fargo on January 03, 2024, Downgraded its rating to ‘Equal Weight’ for AMBA. Northland Capital also rated AMBA shares as ‘Outperform’, setting a target price of $70 on the company’s shares in an initiating report dated September 18, 2023. Needham Reiterated the rating as Buy on August 30, 2023, but set its price target from $100 to $90. TD Cowen August 30, 2023d its ‘Outperform’ rating to ‘Market Perform’ for AMBA, as published in its report on August 30, 2023. Imperial Capital also rated the stock as ‘Outperform’.
Analysis of Ambarella Inc (AMBA)
Further, the quarter-over-quarter increase in sales is 2.58%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Ambarella Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -30.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 696.29K can be a very valuable indicator of volatility for AMBA stock. On a monthly basis, the volatility of the stock is set at 5.00%, whereas on a weekly basis, it is put at 4.58%, with a loss of -7.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $76.15, showing growth from the present price of $54.09, which can serve as yet another indication of whether AMBA is worth investing in or should be passed over.
How Do You Analyze Ambarella Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.16%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.46% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMBA shares are owned by institutional investors to the tune of 83.46% at present.
