In the latest session, Ambarella Inc (NASDAQ: AMBA) closed at $49.24 up 0.18% from its previous closing price of $49.15. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 655630 shares were traded. AMBA stock price reached its highest trading level at $50.34 during the session, while it also had its lowest trading level at $48.76.
Ratios:
For a deeper understanding of Ambarella Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 123.33. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1.98B and an Enterprise Value of 1.77B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.75 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 7.80 whereas that against EBITDA is -11.43.
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 55.04, while the 200-Day Moving Average is calculated to be 62.51.
Shares Statistics:
For the past three months, AMBA has traded an average of 555.80K shares per day and 613.46k over the past ten days. A total of 39.04M shares are outstanding, with a floating share count of 37.67M. Insiders hold about 6.40% 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 5.36, 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%.
Earnings Estimates
There are 15 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.28 and a low estimate of -$0.36, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.2 and low estimates of -$0.32.
Analysts are recommending an EPS of between -$0.77 and -$1.03 for the fiscal current year, implying an average EPS of -$0.85. EPS for the following year is -$0.12, with 15 analysts recommending between $0.3 and -$0.5.
Revenue Estimates
A total of 16 analysts have provided revenue estimates for AMBA’s current fiscal year. The highest revenue estimate was $255M, while the lowest revenue estimate was $242.17M, resulting in an average revenue estimate of $250.13M. In the same quarter a year ago, actual revenue was $226.47M, up 10.40% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $320.8M in the next fiscal year. The high estimate is $360M and the low estimate is $285.4M. The average revenue growth estimate for next year is up 28.30% from the average revenue estimate for this year.
