Trade-Ideas: Ambarella (AMBA) Is Today's Pre-Market Mover With Heavy Volume Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Ambarella ( AMBA) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Ambarella as such a stock due to the following factors:

  • AMBA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $55.6 million.
  • AMBA traded 156,748 shares today in the pre-market hours as of 8:08 AM, representing 10.9% of its average daily volume.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in AMBA with the Ticky from Trade-Ideas. See the FREE profile for AMBA NOW at Trade-Ideas

More details on AMBA:

Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. AMBA has a PE ratio of 41.0. Currently there are 2 analysts that rate Ambarella a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Ambarella has been 1.0 million shares per day over the past 30 days. Ambarella has a market cap of $1.0 billion and is part of the technology sector and electronics industry. Shares are up 5.4% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Ambarella as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.

If you liked this article you might like

Investors Brace for Market Open After 'Catastrophic' Texas Flooding

Here Comes Another Jobs Report

Nasdaq Swept Away From Records on Brutal Surprise Tech Selloff

S&P 500 and Nasdaq Fall, Pulled Lower by a Swift Tech Selloff