With 0.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.81 million shares. The 52-week range on AMBA shows that it touched its highest point at $85.15 and its lowest point at $38.86 during that stretch. It currently has a 1-year price target of $76.47. Beta for the stock currently stands at 2.00.
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 down-trending over the past week, with a drop of -3.64%, but this was down by -16.34% over a month. Three-month performance dropped to -6.51% while six-month performance fell -27.55%. The stock lost -8.78% in the past year, while it has lost -27.98% so far this year. A look at the trailing 12-month EPS for AMBA yields -2.49 with Next year EPS estimates of 0.30. For the next quarter, that number is 0.05. This implies an EPS growth rate of 168.75% for this year and 173.43% for next year.
Float and Shares Shorts:
At present, 42.41 million AMBA shares are outstanding with a float of 39.81 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.
