While Ambarella Inc has overperformed by 2.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMBA fell by -34.76%, with highs and lows ranging from $89.18 to $43.59, whereas the simple moving average fell by -18.71% in the last 200 days.
On January 03, 2024, Wells Fargo Downgraded Ambarella Inc (NASDAQ: AMBA) to Equal Weight. A report published by Northland Capital on September 18, 2023, Initiated its previous ‘Outperform’ rating for AMBA. Needham also reiterated AMBA shares as ‘Buy’, quoting a target price of $90 on the company’s shares in a report dated August 30, 2023. TD Cowen August 30, 2023d the rating to Market Perform on August 30, 2023, and set its price target from $90 to $65. KeyBanc Capital Markets May 31, 2023d its ‘Overweight’ rating to ‘Sector Weight’ for AMBA, as published in its report on May 31, 2023. Imperial Capital’s report from April 06, 2023 suggests a price prediction of $95 for AMBA shares, giving the stock a ‘Outperform’ rating. ROTH MKM also rated the stock as ‘Neutral’.
Analysis of Ambarella Inc (AMBA)
Further, the quarter-over-quarter decrease in sales is -38.05%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ambarella Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -29.06% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.03, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and AMBA is recording an average volume of 547.62K. On a monthly basis, the volatility of the stock is set at 4.47%, whereas on a weekly basis, it is put at 4.05%, with a loss of -4.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $74.47, showing growth from the present price of $50.71, which can serve as yet another indication of whether AMBA is worth investing in or should be passed over.
How Do You Analyze Ambarella Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 82.81% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMBA shares are owned by institutional investors to the tune of 82.81% at present.
