Given A -57.72% Drop From High, Can Ambarella Inc (NASDAQ: AMBA) Quickly Recover?

EVTL

During the last session, Ambarella Inc (NASDAQ:AMBA)’s traded shares were 0.85 million, with the beta value of the company hitting 1.58. At the end of the trading day, the stock’s price was $53.95, reflecting an intraday gain of 1.05% or $0.56. The 52-week high for the AMBA share is $85.09, that puts it down -57.72 from that peak though still a striking 25.28% gain since the share price plummeted to a 52-week low of $40.31. The company’s market capitalization is $2.21B, and the average trade volume was 621.04K shares over the past three months.

Ambarella Inc (NASDAQ:AMBA) trade information

Ambarella Inc (AMBA) registered a 1.05% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.05% in intraday trading to $53.95, hitting a weekly high. The stock’s 5-day price performance is -2.49%, and it has moved by 9.77% in 30 days. Based on these gigs, the overall price performance for the year is -33.59%.

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Ambarella Inc (AMBA) estimates and forecasts

Statistics show that Ambarella Inc has outperformed its competitors in share price, compared to the industry in which it operates. Ambarella Inc (AMBA) shares have gone down -13.97% during the last six months, with a year-to-date growth rate more than the industry average at 7.23% against -4.70.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -35.48%. While earnings are projected to return 6.79% in 2024.

AMBA Dividends

Ambarella Inc is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Ambarella Inc (NASDAQ:AMBA)’s Major holders