Ambarella Inc (NASDAQ: AMBA) stock closed at $58.26 on 5/31/24 after a major increase of 20.6%. Moreover, trading volume in this advance was exceptionally high at 578% of normal. Relative to the market the stock has been weak over the last nine months but has risen 14.6% 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 highly consistent signals. Ambarella has a very low Power Rating of 14 and a very low Appreciation Score of 8, resulting in the Lowest Value Trend Rating.
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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