Ambarella Inc. (AMBA): AMBA moving down?

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Ambarella Inc. (NASDAQ:AMBA) changes shares on Friday trading session, with a change of -1.89% or -$0.94 shares. The trading starts at $50.18 and closed at $49.84 throughout the day. The trading session low price was $48.89 and day high was $50.85 on Friday, June 19. After the session, the Technology sector daily volume shifted to 0.88 million while its average volume is 495.46K. In other hand, the AMBA market cap reached to $1.70B. While, its current target price is $48.90 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -3.26% and down -15.32% for month. Its quarterly performance was 21.31% above, while its half year performance is down -14.00%. AMBA yearly performance stood at positive 11.21% and fall -19.25% for year-to-date. Current recommendation for Ambarella Inc. is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. AMBA EPS (TTM) for 12-month is -1.28. EPS for this year is -45.50%, while for the next year its value is 0.39. Its EPS Q/Q reached 14.80%. It has an EPS of -23.40% down for past five years and for the next five years will be up 15.00%.

Let’s take a look on the analyst recommendations on AMBA for the current month and previous month. For the current month, 4 of 12 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 2 as underweight and 6 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $50.00-$79.00. Average target price for AMBA was reached at $62.22.

Blackrock Inc., Vanguard Group, Inc. (The) and Renaissance Technologies, LLC are the top three holders in Ambarella Inc. (AMBA) stock. On Mar 30, 2020, Blackrock Inc. has 3.07 million shares which valued 149.06 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.99 million shares which valued at 145.17 million. On Mar 30, 2020, Renaissance Technologies, LLC has a total of 1.5 million shares which valued at 72.68 million. In the end, Renaissance Technologies, LLC have 4.36% shares outstanding of Ambarella Inc. (AMBA) on Mar 30, 2020. The insider ownership moved to 4.80% and institutional holding shifted to 80.50%.

The company posted an EPS (TTM) of -1.28. According to the most recent quarter report on (Jul 2020), 11 analysts estimated an average EPS of -0.02, while 0.21 EPS posted a year ago period. Analyst Estimated EPS for AMBA published in the report was -0.04-0.02 during the same period. Comparing with last year, the average estimated EPS was 0.21 which is higher than 0.04 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for AMBA fall -12.50% for period of 200 days. SMA for 50 days was -7.15% which is showing red signal, while SMA-20 was -10.27%. The moving average value for Ambarella Inc. (AMBA) is 55.05 and 53.65 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in AMBA stock. On Jun 17, Meng Teresa H, Director, sold 429 trading shares at the cost of $52.25, which valued at 22415.0. On Jun 16, EICHLER KEVIN C, CFO, sold 3,101 shares at the cost of $52.13, with total shares of 33,388. On Jun 16, Wang Feng-Ming, CEO, sold 5,342 shares at the cost of 52.13. After this transaction, Wang Feng-Ming total shares reached to 477,496 which valued at 0.28 million.