Ambarella (AMBA) : Traders are bullish on Ambarella (AMBA) as it has outperformed the S&P 500 by a wide margin of 6.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.62%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.05% in the last 1 week, and is up 8.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ambarella (NASDAQ:AMBA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.86 and $57.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.59, notching a gain of 1.45% for the day. The total traded volume was 635,961 . The stock had closed at $57.75 on the previous day.
The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 12.7%. Ambarella, Inc. is up 53.1% in the last 3-month period. Year-to-Date the stock performance stands at 5.11%.
Ambarella (AMBA) : 7 Wall Street analysts covering Ambarella (AMBA) believe that the average level the stock could reach for the short term is $56. The maximum price target given is $86 and the minimum target for short term is around $43, hence the standard deviation is calculated at $14.35.
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).