Ambarella (AMBA) : 10 analysts are covering Ambarella (AMBA) and their average rating on the stock is 1.85, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Ambarella (AMBA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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.
For the current week, the company shares have a recommendation consensus of Buy. Ambarella (NASDAQ:AMBA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.28 and $60.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.80, notching a gain of 2.83% for the day. The total traded volume was 654,030 . The stock had closed at $60.10 on the previous day.
In a related news,The Officer (Vp, Marketing) of AMBARELLA INC, Day Christopher sold 1,173 shares at $50.85 on June 30, 2016. The Insider selling transaction had a total value worth of $59,647. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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).