Ambarella, Inc. (AMBA) was a big mover last session, as the company saw its shares gain over 8% on the day. This rally higher can be attributable to solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $87.20 to $126.70 in the past one-month time frame, showed a pick-up yesterday at $94.36.
The company has seen 2 positive estimate revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same period, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ambarella currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another attractive player in the same industry includes Cirrus Logic Inc. (CRUS) with the same Zacks Rank as Ambarella.
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