Shares of Ambarella Inc. (NASDAQ:AMBA) traded at a new 52-week high today of $178.30. So far today approximately 516,000 shares have been exchanged, as compared to an average 30-day volume of 736,000 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.
There is potential upside of 30.4% for shares of Ambarella Inc. based on a current price of $174.15 and an average consensus analyst price target of $227.04.
Ambarella Inc. share prices have moved between a 52-week high of $178.30 and a 52-week low of $53.52 and are now trading 225% above that low price at $174.15 per share.
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