Ambarella (AMBA) : Traders are bullish on Ambarella (AMBA) as it has outperformed the S&P 500 by a wide margin of 19.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.81%, 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 6.11% in the last 1 week, and is up 18.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 10.34% and the fifty day Moving Average is 20.53%. Ambarella, Inc. is up 67.71% in the last three month period. Year-to-Date the stock performance stands at 23.75%.
Ambarella (AMBA) : 7 investment research analysts covering Ambarella (AMBA) have an average price target of $56 for the near short term. The highest target price given by the Brokerage Firm to the stock is $86 and the lowest target is $43 for the short term. Analysts expect the variance to be within $14.35 of the average price.
Ambarella (NASDAQ:AMBA): stock turned positive on Friday. Though the stock opened at $69.81, the bulls momentum made the stock top out at $70 level for the day. The stock recorded a low of $68.348 and closed the trading day at $68.98, in the green by 0.61%. The total traded volume for the day was 923,688. The stock had closed at $68.56 in the previous days trading.
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).