Shares of Ambarella Inc. (NASDAQ:AMBA) traded at a new 52-week high today of $153.17. This new high was reached on approximately average trading volume as 516,000 shares traded hands, while the average 30-day volume is approximately 675,000 shares.
Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm’s solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella’s system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. The firm derives majority of revenue from Taiwan.
Over the past year, Ambarella Inc. has traded in a range of $48.35 to $153.17 and is now at $150.21, 211% above that low.
Ambarella Inc. (NASDAQ:AMBA) has potential upside of 25.3% based on a current price of $150.21 and analysts’ consensus price target of $188.17.
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