Ambarella, Inc. (AMBA) Jumps: Stock Rises 6.4% – Tale of the Tape

Zacks

Ambarella, Inc. (AMBA) was a big mover last session, as the company saw its shares rise more than 6% 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 29.20% since Sep 15.

The stock has seen two positive estimate revisions in the past 30 days. The Zacks Consensus Estimate has also moved up over the same time frame, suggesting that more solid trading could be ahead for Century Aluminum. So make sure to keep an eye on this stock going forward to see if the latest 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 semiconductor equipment & materials industry may also consider stocks like Amkor Technology, Inc. (AMKR), Avago Technologies Limited (AVGO) and AXT Inc. (AXTI), all carrying the same rank as Ambarella.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply