Ambarella (AMBA) : On Wednesday, The money flowed into the Ambarella (AMBA) stock with an uptick to downtick ratio was recorded at 1.49. Transactions worth $1.81 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.21 million. The total money flow into the stock was $0.6 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, Ambarella (AMBA) traded down $0.17 during the session at $68.48. Compared to the previous days closing, the stock was down only by -0.24%. For the week, the stock is 2.13%, over previous weeks closing.
Shares of Ambarella, Inc. appreciated by 1.94% during the last five trading days but lost 2.51% on a 4-week basis. Ambarella, Inc. is up 37.18% in the last 3-month period. Year-to-Date the stock performance stands at 23.38%.
Ambarella (AMBA) : 9 analysts are covering Ambarella (AMBA) and their average rating on the stock is 1.94, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Ambarella (AMBA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ambarella (NASDAQ:AMBA): The stock opened at $69.96 and touched an intraday high of $69.96 on Wednesday. During the day, the stock corrected to an intraday low of $67.84, however, the bulls stepped in and pushed the price higher to close in the green at $68.77 with a gain of 0.19% for the day. The total traded volume for the day was 737,528. The stock had closed at $68.64 in the previous trading session.
Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Companys system-on-a-chip (SoC) designs HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs). In the infrastructure market, the Companys solutions manage IP video traffic, broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs), and original equipment manufacturers (OEMs).