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Ambarella (AMBA) Catches Eye: Stock Jumps 6.5%
Ambarella, Inc. (AMBA - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $49.53 –$61.55 in the past one-month time frame, witnessed a sharp increase yesterday.
The upmove came after the company's fiscal first quarter earnings trumped estimates.
The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. 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 #3 (Hold) while its Earnings ESP is negative.
Ambarella, Inc. Price
Ambarella, Inc. price | Ambarella, Inc. Quote
Investors interested in the Electronics - Semiconductors industry may consider AXT, Inc. (AXTI - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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