Ambarella Inc (NASDAQ: AMBA) closed the day trading at $53.06 down -4.45% from the previous closing price of $55.53. In other words, the price has decreased by -$2.47 from its previous closing price. On the day, 533152 shares were traded. AMBA stock price reached its highest trading level at $55.47 during the session, while it also had its lowest trading level at $52.92.
Ratios:
For a better understanding of AMBA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 132.90. For the most recent quarter (mrq), Quick Ratio is recorded 3.03 and its Current Ratio is at 3.38. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on January 03, 2024, Downgraded its rating to Equal Weight and sets its target price to $65 from $85 previously.
On September 18, 2023, Northland Capital started tracking the stock assigning a Outperform rating and target price of $70.
Needham reiterated its Buy rating for the stock on August 30, 2023, while the target price for the stock was revised from $100 to $90.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 ’24 when Wang Feng-Ming sold 1,297 shares for $57.16 per share. The transaction valued at 74,137 led to the insider holds 808,587 shares of the business.
Kohn Leslie sold 708 shares of AMBA for $40,469 on Mar 08 ’24. The Chief Technology Officer now owns 965,862 shares after completing the transaction at $57.16 per share. On Mar 08 ’24, another insider, Young John Alexander, who serves as the CFO of the company, sold 704 shares for $57.16 each. As a result, the insider received 40,241 and left with 108,899 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMBA now has a Market Capitalization of 2.14B and an Enterprise Value of 1.92B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.43 while its Price-to-Book (P/B) ratio in mrq is 3.61. Its current Enterprise Value per Revenue stands at 8.48 whereas that against EBITDA is -12.43.
Stock Price History:
Over the past 52 weeks, AMBA has reached a high of $89.18, while it has fallen to a 52-week low of $43.59. The 50-Day Moving Average of the stock is 55.48, while the 200-Day Moving Average is calculated to be 62.92.
Shares Statistics:
Over the past 3-months, AMBA traded about 567.53K shares per day on average, while over the past 10 days, AMBA traded about 587.31k shares per day. A total of 39.04M shares are outstanding, with a floating share count of 37.68M. Insiders hold about 6.38% of the company’s shares, while institutions hold 82.79% stake in the company. Shares short for AMBA as of Feb 29, 2024 were 2.98M with a Short Ratio of 5.25, compared to 2.76M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.40% and a Short% of Float of 7.80%.
