Shares of Ambarella Inc. (NASDAQ:AMBA) traded at a new 52-week high today of $149.99. Approximately 516,000 shares have changed hands today, as compared to an average 30-day volume of 631,000 shares.
In the past 52 weeks, shares of Ambarella Inc. have traded between a low of $47.95 and a high of $149.99 and is now at $148.25, which is 209% above that low price.
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.
There is potential upside of 28.4% for shares of Ambarella Inc. based on a current price of $148.25 and an average consensus analyst price target of $190.40.
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