Ambarella Inc (NASDAQ: AMBA) stock enjoyed a major increase of 10.6% on 8/28/24. The shares closed at $58.40. Moreover, trading volume in this advance was exceptionally high at 799% of normal. Relative to the market the stock has been weak over the last nine months but has risen 21.3% during the last week.
Current PriceTarget Research Rating
AMBA is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Ambarella has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Ambarella has a poor Power Rating of 24 and a very low Appreciation Score of 10, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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