Time for Investors to Take the Plunge on Ambarella, Inc. (NASDAQ:AMBA)

Equity Research firms currently have a positive stance on shares of Ambarella, Inc. (NASDAQ:AMBA). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $75.67 on a short term basis.

At the time of writing, the stock was trading at $72.97. This represents a change from the opening price of -1.52%. In terms of performance, year to date, the stock is 32.60%. The monthly stock performance comes in at 2.97%. For the quarter, shares are performing at 49.52%. Weekly performance analysis shows the equity at 11.44%.

In taking a look at technical levels, shares are trading 11.66% away from the 50 day simple moving average and 45.76% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.64% away from it’s 52- week high and 118.54% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Ambarella, Inc.’s RSI stands at 64.29. In looking at volatility levels, the shares saw weekly volatility of 3.91% and 4.12% over the past month.

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