AMBA Stock Summary and Trading Ideas (Ambarella - | NASDAQ:AMBA)

Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm's solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella's system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. Geographical presence in Taiwan, Asia Pacific, Europe, North America, and the United States. The firm derives the majority of its revenue from Taiwan.

Ambarella - trades on the NASDAQ stock market under the symbol AMBA.

As of November 1, 2024, AMBA stock price climbed to $57.87 with 263,525 million shares trading.

AMBA has a beta of 2.49, meaning it tends to be more sensitive to market movements. AMBA has a correlation of 0.38 to the broad based SPY ETF.

AMBA has a market cap of $2.37 billion. This is considered a Mid Cap stock.

Last quarter Ambarella - reported $64 million in Revenue and -$.13 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.06.

In the last 3 years, AMBA traded as high as $227.59 and as low as $39.69.

The top ETF exchange traded funds that AMBA belongs to (by Net Assets): VTI, VB, IWM, VGT, XSD.

AMBA has underperformed the market in the last year with a return of +28.1%, while SPY returned +36.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AMBA shares. However, AMBA has outperformed the market in the last 3 month and 2 week periods, returning +21.0% and -0.7%, while SPY returned +5.5% and -2.3%, respectively. This indicates AMBA has been having a stronger performance recently.

AMBA support price is $54.64 and resistance is $57.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMBA shares will trade within this expected range on the day.