Ambarella (NASDAQ:AMBA) : Zacks Investment Research ranks Ambarella (NASDAQ: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 (NASDAQ:AMBA) : The highest level Ambarella (NASDAQ: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.
For the current week, the company shares have a recommendation consensus of Buy.
Ambarella (NASDAQ:AMBA): stock turned positive on Tuesday. Though the stock opened at $50.02, the bulls momentum made the stock top out at $50.845 level for the day. The stock recorded a low of $49.81 and closed the trading day at $50.25, in the green by 1.86%. The total traded volume for the day was 705,286. The stock had closed at $49.33 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Paisley Christopher B, director of Ambarella Inc, had unloaded 1,000 shares at an average price of $51.96 in a transaction dated on June 15, 2016. The total value of the transaction was worth $51,960.
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).