Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight. In the meantime, 1 analyst(s) believe the stock as Underweight and 0 think it is a Sell. The stock is rated as a Hold by 6 analyst(s), 11 recommend it as a Buy and 0 called the AMBA stock Overweight. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.ġ8 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. We see that AMBA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. Revisions could be a useful indicator to get insight on short-term price movement so for the company, there were no upward and no downward review(s) in last seven days. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $300.15 million, representing an increase of 34.60% from the revenues reported in the last year’s results. Data indicates that the EPS growth is expected to be 184.80% in 2023, while the next year’s EPS growth is forecast to be 34.00%.Īnalysts have estimated the company’s revenue for the quarter at $75.68 million, with a low estimate of $75.4 million and a high estimate of $76.6 million. Analysts are projecting the company’s earnings per share (EPS) to be $0.25, which is expected to increase to $0.36 for fiscal year $0.94 and then to about $1.26 by fiscal year 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. currently standing at about $4.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for – Nov 26, 2021. With the market capitalization of Ambarella Inc.
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Additionally, Splunk, a data analysis software company, has seen its stock lose more than 7% over the last month, dropping from $157. stock (NASDAQ: SPLK) has gained almost 7% in the past week and currently trades at around $146 per share.