Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $46.26 in the prior trading day, Ambarella Inc (NASDAQ: AMBA) closed at $46.30, up 0.09%. In other words, the price has increased by $0.09 from its previous closing price. On the day, 0.68 million shares were traded. AMBA stock price reached its highest trading level at $46.695 during the session, while it also had its lowest trading level at $45.36.
Ratios:
Our goal is to gain a better understanding of AMBA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 269.13. 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 20 ’24 when Schwarting Elizabeth M sold 240 shares for $49.47 per share. The transaction valued at 11,873 led to the insider holds 6,164 shares of the business.
Wang Feng-Ming sold 2,173 shares of AMBA for $107,064 on Mar 18 ’24. The CEO now owns 806,632 shares after completing the transaction at $49.27 per share. On Mar 18 ’24, another insider, Young John Alexander, who serves as the CFO of the company, sold 1,546 shares for $49.27 each. As a result, the insider received 76,171 and left with 107,571 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 1897600896 and an Enterprise Value of 1681961472. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.38 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 7.427 whereas that against EBITDA is -11.908.
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 $40.31. The 50-Day Moving Average of the stock is -5.77%, while the 200-Day Moving Average is calculated to be -17.67%.
Shares Statistics:
The stock has traded on average 578.14K shares per day over the past 3-months and 562000 shares per day over the last 10 days, according to various share statistics. A total of 40.52M shares are outstanding, with a floating share count of 38.37M. Insiders hold about 6.38% of the company’s shares, while institutions hold 81.53% stake in the company. Shares short for AMBA as of 1713139200 were 2470998 with a Short Ratio of 4.27, compared to 1710460800 on 2663176. Therefore, it implies a Short% of Shares Outstanding of 2470998 and a Short% of Float of 6.35.
