Ambarella Inc (NASDAQ: AMBA) has reported a loss for its third fiscal quarter (ending October 31) of $-0.58 versus a loss $-1.04 for the same period a year ago — a decline of -44%. For the latest four quarters through October 31, E.P.S. were $-3.86 compared to $-3.03 a year ago — an increase of 27%.
Recent Price Action
Ambarella Inc (NASDAQ: AMBA) stock increased 1.7% on 11/26/24. The shares closed at $68.41. Moreover, this advance was accompanied by exceptionally high trading volume at 541% of normal. The stock has been strong relative to the market over the last nine months and has risen 19.1% during the last week.
Current PriceTarget Research Rating
Ambarella has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ambarella has a very low Appreciation Score of 10 but a slightly positive Power Rating of 64, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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