On Friday, Ambarella posted higher-than-expected second-quarter earnings.
The video compression/ image processing semiconductor company’s adjusted earnings of 21 cents a share for the quarter significantly surpassed Zacks Consensus Estimate of 3 cents per share. The EPS in the year-ago quarter was 25 cents.
Revenue of $56.4 million for the quarter came in lower than the year-ago quarter’s $62.5 million, but beat analysts’ estimate of $52 million (according to Zacks).
Ambarella’s forecast for the fiscal third-quarter revenue ranges between $63 million and $67 million.
Ambarella CEO Fermi Wang emphasized that the company’s optimism for its fiscal year 2020 prospects has increased, despite geopolitical uncertainty.
AMBA's Aroon Indicator triggered a bullish signal on June 07, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 289 similar instances where the Aroon Indicator showed a similar pattern. In of the 289 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on May 09, 2023. You may want to consider a long position or call options on AMBA as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AMBA just turned positive on May 03, 2023. Looking at past instances where AMBA's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
AMBA moved above its 50-day moving average on May 25, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AMBA crossed bullishly above the 50-day moving average on May 25, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMBA advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for AMBA moved out of overbought territory on May 31, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 50-day moving average for AMBA moved below the 200-day moving average on May 04, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMBA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AMBA broke above its upper Bollinger Band on May 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AMBA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AMBA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.255) is normal, around the industry mean (7.004). P/E Ratio (0.000) is within average values for comparable stocks, (54.222). Projected Growth (PEG Ratio) (2.278) is also within normal values, averaging (2.573). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (10.081) is also within normal values, averaging (11.793).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of video compression and image processing semiconductors
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A.I.dvisor indicates that over the last year, AMBA has been closely correlated with LSCC. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMBA jumps, then LSCC could also see price increases.
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|TER - AMBA|
|QRVO - AMBA|
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|SYNA - AMBA|