Ambarella Inc (NASDAQ: AMBA) is -22.09% lower on its value in year-to-date trading and has touched a low of $43.59 and a high of $89.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMBA stock was last observed hovering at around $47.62 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $47.75, the stock is -4.33% and -9.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 0.27% at the moment leaves the stock -20.35% off its SMA200. AMBA registered -32.95% loss for a year compared to 6-month gain of -13.45%. The firm has a 50-day simple moving average (SMA 50) of $7.69 and a 200-day simple moving average (SMA200) of -$13.41.
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The stock witnessed a -14.01% loss in the last 1 month and extending the period to 3 months gives it a -17.36%, and is -2.29% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.97% over the week and 3.55% over the month.
Ambarella Inc (AMBA) has around 915 employees, a market worth around $1.96B and $226.47M in sales. Profit margin for the company is -74.81%. Distance from 52-week low is 9.54% and -46.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.16%).
Ambarella Inc quarterly earnings per share for the current quarter are estimated at -$0.31 with sales reaching $53.87M over the same period.The EPS is expected to shrink by -3.20% this year, but quarterly earnings will post 10.40% year-over-year.
378 institutions hold shares in Ambarella Inc (AMBA), with institutional investors hold 90.97% of the company’s shares. The shares outstanding are 40.52M, and float is at 38.35M with Short Float at 6.45%. Institutions hold 85.46% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 3.88 million shares valued at $324.88 million. The investor’s holdings represent 9.74% of the AMBA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.34 million shares valued at $279.08 million to account for 8.36% of the shares outstanding. The other top investors are William Blair Investment Management, LLC which holds 1.68 million shares representing 4.21% and valued at over $140.41 million, while Macquarie Group Limited holds 4.14% of the shares totaling 1.65 million with a market value of $137.99 million.
Ambarella Inc (AMBA) Insider Activity
The most recent transaction is an insider sale by Schwarting Elizabeth M, the company’s Director. SEC filings show that Schwarting Elizabeth M sold 240 shares of the company’s common stock on Mar 20 ’24 at a price of $49.47 per share for a total of $11873.0. Following the sale, the insider now owns 6164.0 shares.
Ambarella Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Wang Feng-Ming (CEO) sold a total of 2,173 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $49.27 per share for $0.11 million. Following the transaction, the insider now directly holds 0.81 million shares of the AMBA stock.
Still, SEC filings show that on Mar 18 ’24, Young John Alexander (CFO) disposed off 1,546 shares at an average price of $49.27 for $76171.0. The insider now directly holds 107,571 shares of Ambarella Inc (AMBA).
