Ambarella (AMBA) : Traders are bullish on Ambarella (AMBA) as it has outperformed the S&P 500 by a wide margin of 10.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.6%, 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 9.78% in the last 1 week, and is up 9.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.72% and the 50-Day Moving Average is 13.87%.The 200 Day SMA reached 47.53%
Ambarella (NASDAQ:AMBA): After opening at $70.82, the stock dipped to an intraday low of $70.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $74.56 and the buying power remained strong till the end. The stock closed at $73.61 for the day, a gain of 3.87% for the day session. The total traded volume was 1,959,619. The stocks close on the previous trading day was $73.61.
Ambarella (AMBA) : The highest short term price target forecast on Ambarella (AMBA) is $86 and the lowest target price is $50. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $75.71 with a standard deviation of $13.15.
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).