Ambarella Inc (NASDAQ: AMBA) is 18.19% higher on its value in year-to-date trading and has touched a low of $39.69 and a high of $69.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMBA stock was last observed hovering at around $68.41 in the last trading session, with the day’s gains setting it 4.03%.
Currently trading at $72.44, the stock is 19.26% and 23.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.98 million and changing 5.89% at the moment leaves the stock 35.54% off its SMA200. AMBA registered 31.04% gain for a year compared to 6-month gain of 49.95%. The firm has a 50-day simple moving average (SMA 50) of $58.5982 and a 200-day simple moving average (SMA200) of $53.4439.
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The stock witnessed a 17.73% loss in the last 1 month and extending the period to 3 months gives it a 22.20%, and is 22.63% up 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 6.45% over the week and 4.19% over the month.
Ambarella Inc (AMBA) has around 915 employees, a market worth around $3.17B and $252.47M in sales. Profit margin for the company is -62.38%. Distance from 52-week low is 82.51% and 4.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.28%).
Ambarella Inc quarterly earnings per share for the current quarter are estimated at -0.02 with sales reaching $77.29M over the same period.The EPS is expected to grow by 62.47% this year, but quarterly earnings will post 22.79% year-over-year. Quarterly sales are estimated to grow 49.74% in year-over-year returns.
383.0 institutions hold shares in Ambarella Inc (AMBA), with institutional investors hold 87.12% of the company’s shares. The shares outstanding are 40.52M, and float is at 38.80M with Short Float at 3.67%. Institutions hold 82.54% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.6 million shares valued at $247.96 million. The investor’s holdings represent 11.272 of the AMBA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.47 million shares valued at $187.38 million to account for 8.5178 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.88 million shares representing 4.6018 and valued at over $101.23 million, while MILLENNIUM MANAGEMENT LLC holds 3.5499 of the shares totaling 1.45 million with a market value of $78.09 million.
Ambarella Inc (AMBA) Insider Activity
The most recent transaction is an insider sale by Day Christopher, the company’s VP, Marketing. SEC filings show that Day Christopher sold 2,904 shares of the company’s common stock on Oct 03 ’24 at a price of $58.00 per share for a total of $0.17 million. Following the sale, the insider now owns 18466.0 shares.
Still, SEC filings show that on Sep 25 ’24, PAISLEY CHRISTOPHER B (Director) disposed off 500 shares at an average price of $53.71 for $26855.0. The insider now directly holds 42,281 shares of Ambarella Inc (AMBA).
