Ambarella, Inc. (AMBA) was a big mover last session, as the company saw its shares rise by nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 24.5% in the past one-month time frame.
The company has seen two positive revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Ambarella. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Ambarella currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better ranked elec comp – semiconductor stocks include Pericom Semiconductor Corp. (PSEM), Cavium, Inc. (CAVM) and O2Micro International Ltd. (OIIM). While Pericom holds a Zacks Rank #1 (Strong Buy), Cavium and O2Micro International each carry a Zacks Rank #2 (Buy).
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