Ambarella Inc [NASDAQ: AMBA] stock went on a downward path that fall over -17.13% on Thursday, amounting to a one-week price decrease of less than -22.70%.
Over the last 12 months, AMBA stock rose by 10.57%. The one-year Ambarella Inc stock forecast points to a potential upside of 32.9. The average equity rating for AMBA stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.62 billion, with 41.70 million shares outstanding and 39.26 million shares in the current float. Compared to the average trading volume of 743.95K shares, AMBA stock reached a trading volume of 5001355 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Ambarella Inc [AMBA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMBA shares is $93.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMBA stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Ambarella Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 16, 2024. While these analysts kept the previous recommendation, Needham dropped their target price from $90 to $100. The new note on the price target was released on November 27, 2024, representing the official price target for Ambarella Inc stock. Previously, the target price had yet another raise from $65 to $75, while TD Cowen kept a Hold rating on AMBA stock. On January 03, 2024, analysts decreased their price target for AMBA shares from 85 to 65.
The Average True Range (ATR) for Ambarella Inc is set at 4.56, with the Price to Sales ratio for AMBA stock in the period of the last 12 months amounting to 9.20. The Price to Book ratio for the last quarter was 4.72, with the Price to Cash per share for the same quarter was set at 6.00.
AMBA Stock Performance Analysis:
Ambarella Inc [AMBA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.70. With this latest performance, AMBA shares dropped by -14.56% in over the last four-week period, additionally plugging by 22.83% over the last 6 months – not to mention a rise of 10.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMBA stock in for the last two-week period is set at 32.24, with the RSI for the last a single of trading hit 25.89, and the three-weeks RSI is set at 37.01 for Ambarella Inc [AMBA]. The present Moving Average for the last 50 days of trading for this stock 75.84, while it was recorded at 73.26 for the last single week of trading, and 61.00 for the last 200 days.
Insight into Ambarella Inc Fundamentals:
Ambarella Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.36 and a Current Ratio set at 2.65.
Ambarella Inc [AMBA] Institutonal Ownership Details
The top three institutional holders of AMBA stocks are: VANGUARD GROUP INC with ownership of 4.6 million shares, which is approximately 11.272%. BLACKROCK INC., holding 3.47 million shares of the stock with an approximate value of $$187.38 million in AMBA stocks shares; and BLACKROCK INC., currently with $$101.23 million in AMBA stock with ownership which is approximately 4.5621%.
