Currently, there are 41.96M common shares owned by the public and among those 39.81M shares have been available to trade.
The company’s stock has a 5-day price change of -2.20% and -18.10% over the past three months. AMBA shares are trading -14.61% year to date (YTD), with the 12-month market performance up to 25.50% higher. It has a 12-month low price of $38.86 and touched a high of $85.15 over the same period. AMBA has an average intraday trading volume of 875.33K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.75%, 20.73%, and 2.89% respectively.
Institutional ownership of Ambarella Inc (NASDAQ: AMBA) shares accounts for 83.84% of the company’s 41.96M shares outstanding.
It has a market capitalization of $2.63B and a beta (3y monthly) value of 2.06. The earnings-per-share (ttm) stands at -$2.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.37% over the week and 2.39% over the month.
Analysts forecast that Ambarella Inc (AMBA) will achieve an EPS of 0.04 for the current quarter, 0.03 for the next quarter and 0.25 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.03 while analysts give the company a high EPS estimate of 0.03. Comparatively, EPS for the current quarter was -0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 115.14%, and 852.97% over the next financial year.
Looking at the support for the AMBA, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on December 16, 2024, with the firm’s price target at $80. Needham coverage for the Ambarella Inc (AMBA) stock in a research note released on November 27, 2024 offered a Buy rating with a price target of $100. TD Cowen was of a view on August 28, 2024 that the stock is Hold, while Wells Fargo gave the stock Equal Weight rating on January 03, 2024, issuing a price target of $85- $65. Northland Capital on their part issued Outperform rating on September 18, 2023.
