Ambarella, Inc. (AMBA) was a big mover last session, as the company saw its shares rise more than 7% 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 of the company, as the stock is now up 30.84% over the past one-month time frame.
This semiconductor industry stock witnessed two positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, 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 yesterday’s jump can turn into more strength down the road.
Ambarella sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Investors interested in the industry may also consider stocks like Avago Technologies Limited (AVGO), AXT Inc. (AXTI) and Cirrus Logic Inc. (CRUS). All these stocks sport a Zacks Rank #1.
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