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Wednesday, February 1, 2023

An Evaluation Of Ambarella Inc. (NASDAQ: AMBA) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Ambarella Inc. (AMBA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.24, or 0.29%, to $84.05. The Ambarella Inc. has recorded 4,127 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Ambarella Expands CV3 Family of Automotive AI Domain Controllers With New CV3-AD685.

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Stocks Info

AMBA belongs to the Technology sector of the NASDAQ while operating in the Semiconductor Equipment & Materials industry. At the end of the last regular session, the stock closed at $83.81 and fluctuated between $86.22 as its day high and $83.71 as its day low. The current market capitalization of Ambarella Inc. is $3.17B. A total of 0.66 million shares were traded on the day, compared to an average of 586.48K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AMBA has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 2,333 shares. Over the last 12 months, there were 55 BUYs and 35 SELLs from insiders. Insiders purchased 446,119 shares during that period but sold 223,874.

In the most recent transaction, Ju Chi-Hong sold 2,000 shares of AMBA for 81.16 per share on Dec 22. After the transaction, the Sr. Vice President, Systems now owns 153,689 company shares. In a previous transaction on Dec 20, Day Christopher sold 2,452 shares at 81.59 per share. AMBA shares that VP, Marketing owns now total 16,587.

Among the insiders who sold shares, Schwarting Elizabeth M disposed of 234 shares on Dec 19 at a per-share price of $81.42. This resulted in the Director holding 3,987 shares of AMBA after the transaction. In another insider transaction, Ju Chi-Hong sold 764 shares at $80.46 per share on Dec 19. Company shares held by the Sr. Vice President, Systems now total 155,689.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AMBA in the last 3 months, the mean price target is $94.51 with high estimates of $110.00 and low estimates of $75.00. In terms of 52-week highs and lows, AMBA has a high of $156.10 and a low of $49.02.

As of this writing, AMBA has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.17. The company reported an EPS of $0.44 in the last quarter, which was 18.90% higher than expectations of $0.37.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMBA is Underweight with a score of 4.27. A total of 14 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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