Ambarella, Inc. (NASDAQ:AMBA).
August 30 investment analysts at KeyBanc left the stock rating at “Overweight” but moved down the price target from $102.00 to $75.00. On June 3 Deutsche Bank maintained a stock rating of “Hold” but lowered the price expectation to $47.00 from $50.00.
Oppenheimer started covering AMBA setting a rating of “Perform”. On March 29 the stock rating was upgraded to “Overweight” from “Equal-weight” and a price target of $55.00 was set by analysts at Morgan Stanley.
March 29 investment analysts at Morgan Stanley held the price target at $55.00 and upgraded the stock to Overweight from Equal-weight.
The company is up since yesterday’s close of $68.64. Company shares last traded at $68.77 a tad above $67.15, the 50 day moving average and which is slightly above the 200 day moving average of $51.95. The 50 day moving average went up $1.62 or +2.41% whereas the 200 day average was up by +32.37%.
Ambarella, Inc.’s P/E ratio is 51.78 and market capitalization is 2.25B. As of the latest earnings report the EPS was $1.33 and is estimated to be $2.64 for the current year with 32,699,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.81 with next year’s EPS anticipated to be $3.08.
Investors are feeling more bullish on shares of Ambarella, Inc. of late if you watch the downtick in short interest. The firm recorded a fall in short interest of -0.09% as of September 15, 2016 from the last reporting period. Short interest decreased 609,489 over that period. The days to cover decreased to 3.8 and the percentage of shorted shares was 0.20% on September 15.