While Ambarella Inc has overperformed by 0.12%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMBA rose by 17.69%, with highs and lows ranging from $81.32 to $39.69, whereas the simple moving average jumped by 33.43% in the last 200 days.
On November 27, 2024, Needham Reiterated Ambarella Inc (NASDAQ: AMBA) to Buy. A report published by TD Cowen on August 28, 2024, Reiterated its previous ‘Hold’ rating for AMBA. Wells Fargo also Downgraded AMBA shares as ‘Equal Weight’, setting a target price of $65 on the company’s shares in a report dated January 03, 2024. Northland Capital Initiated an Outperform rating on September 18, 2023, and assigned a price target of $70. Needham resumed its ‘Buy’ rating for AMBA, as published in its report on August 30, 2023. TD Cowen’s report from August 30, 2023 suggests a price prediction of $65 for AMBA shares, giving the stock a ‘Market Perform’ rating. KeyBanc Capital Markets also rated the stock as ‘Sector Weight’.
Analysis of Ambarella Inc (AMBA)
Further, the quarter-over-quarter increase in sales is 63.36%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Ambarella Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -27.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.50, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AMBA is recording an average volume of 550.34K. On a monthly basis, the volatility of the stock is set at 4.73%, whereas on a weekly basis, it is put at 4.92%, with a gain of 1.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $87.92, showing growth from the present price of $72.31, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 5.98%. 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 79.66% 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 79.66% at present.
