Ambarella (AMBA) : Traders are bullish on Ambarella (AMBA) as it has outperformed the S&P 500 by a wide margin of 7.08% 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 7.38% in the last 1 week, and is up 4.91% 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 0.5% and the 50-Day Moving Average is 9.86%.The 200 Day SMA reached 38.14% Ambarella, Inc. is up 29.56% in the last 3-month period. Year-to-Date the stock performance stands at 22.35%.
Ambarella (AMBA) : The most positive equity analysts on Ambarella (AMBA) expects the shares to touch $86, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $75 with an expected fluctuation of $14.26 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Ambarella (NASDAQ:AMBA): stock was range-bound between the intraday low of $67.18 and the intraday high of $69.19 after having opened at $68.79 on Fridays session. The stock finally closed in the red at $68.79, a loss of -0.94%. The stock remained in the red for the whole trading day. The total traded volume was 1,080,979 shares. The stock failed to cross $69.19 in Fridays trading. The stocks closing price on Thursday was $68.2.
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).