The most expectant earnings per share estimate of the stock is set at $2.7 while the conservative estimates kept at $2.23 over the current year.
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Box, Inc. (NYSE:BOX) traded 2.69 Million shares on last trading day with closing price of $13.74. Further, it is possible that the company may register per share earnings of $0.81 in the near-term quarter and $2.41 for the ongoing fiscal.
AMBA has been the subject of several other research reports. Recently, stock has been recommended as “BUY” from “6” and “0” given “OVERWEIGHT” rating for the company. Take a look at back three month ago, consensus EPS estimate opinions was decided at $2.90 by analysts.
For the current quarter, r the company sees revenue of $95 million to $99 million, and gross profit of 63.5% to 65%.
Now the Ambarella, Inc. The stock had a trading volume of 1.4 M shares.
Small wonder the bears are looking to cover their positions, because this could be a big short squeeze for AMBA stock after a strong earnings report to follow GoPro results previously. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.16.
The technical analysis of Ambarella, Inc. visibly illustrates that the 50-day MA of Ambarella, Inc.is $62.34, and stock is trading $4.65 points away or +7.46% from its 50-day moving average of $62.34. During the 52 -week period, the stock’s price traded between range of $33.39 to $75.53. In case a stock has a reading in between 0 and 1, it represents undervalued stock.
During last 5 trades the stock sticks nearly -2.88%. The shares were sold at an average price of $51.96, for a total value of $51,960.00. Seven Eight Capital LLC now owns 5,289 shares of the company’s stock worth $236,000 after buying an additional 5,288 shares in the last quarter. Edmond DE Rothschild Holding S.A. now owns 14,250 shares of the company’s stock valued at $637,000 after buying an additional 6,350 shares in the last quarter. Similarly, the company’s guidance implies the potential of falling short of the $1.31 per share analysts were modeling on while the high end of management’s guidance still falls short of the $1.01 billion analysts were modeling. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
“8/2/2016 – Ambarella was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating”. The disclosure for this sale can be found here. The stock has been given a mean “HOLD” rating after the consensus analysis of “22” Analysts.
Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $61.75 while the highest price target suggested by the analysts is $86.00 and low price target is $43.00.
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Ambarella makes image-processing chips used in digital camera products.
