With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. The 52-week range on AMBA shows that it touched its highest point at $85.15 and its lowest point at $39.69 during that stretch. It currently has a 1-year price target of $90.91. Beta for the stock currently stands at 1.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMBA was up-trending over the past week, with a rise of 13.17%, but this was up by 2.66% over a month. Three-month performance surged to 41.78% while six-month performance rose 74.35%. The stock gained 52.18% in the past year, while it has gained 14.02% so far this year. A look at the trailing 12-month EPS for AMBA yields -3.86 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.02. This implies an EPS growth rate of 64.10% for this year and 42.83% for next year.
Float and Shares Shorts:
At present, 41.67 million AMBA shares are outstanding with a float of 39.22 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMBA since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.89804 being high and -$0.95791 being low. For AMBA, this leads to a yearly average estimate of -$0.918. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.13. The average estimate for the next quarter is thus -$0.1.
