Ambarella (AMBA) : Zacks Investment Research ranks Ambarella (AMBA) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.71, which indicates as a Buy.
Ambarella (AMBA) : The highest level Ambarella (AMBA) is projected to reach is $86 for the short term and the lowest estimate is at $43. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $56 and the possibility the share price can swing is $14.35.
Ambarella (NASDAQ:AMBA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.01 and $48.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.03, notching a gain of 3.24% for the day. The total traded volume was 692,419 . The stock had closed at $49.43 on the previous day.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Ambarella (NASDAQ:AMBA). In the latest research report, Deutsche Bank raises the target price from $45 per share to $47 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 3, 2016. The company shares have dropped -49.28% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $129.19 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $46.94 and the 200 Day Moving Average price is recorded at $43.82.
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).