Ambarella Inc (NASDAQ: AMBA) closed the day trading at $47.62 down -5.18% from the previous closing price of $50.22. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 536907 shares were traded.
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 8.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 276.67. 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 2.06B and an Enterprise Value of 1.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.61 while its Price-to-Book (P/B) ratio in mrq is 3.45. Its current Enterprise Value per Revenue stands at 8.14 whereas that against EBITDA is -14.20.
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 52.91, while the 200-Day Moving Average is calculated to be 59.95.
Shares Statistics:
Over the past 3-months, AMBA traded about 534.23K shares per day on average, while over the past 10 days, AMBA traded about 413.16k shares per day. A total of 40.52M shares are outstanding, with a floating share count of 38.35M. Insiders hold about 6.38% of the company’s shares, while institutions hold 81.36% stake in the company. Shares short for AMBA as of Mar 15, 2024 were 2.66M with a Short Ratio of 4.63, compared to 3.1M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.62% and a Short% of Float of 6.97%.
Earnings Estimates
Current recommendations for the stock of the company come from 15 analysts. 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.
