New Lifetime High For Ambarella (AMBA)

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.

Trade-Ideas LLC identified Ambarella ( AMBA) as a new lifetime high 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 $130.2 million.
  • AMBA has traded 1.4 million shares today.
  • AMBA is trading at a new lifetime high.

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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 53. Currently there are 5 analysts that rate Ambarella a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Ambarella has been 1.6 million shares per day over the past 30 days. Ambarella has a market cap of $2.6 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.23 and a short float of 25.6% with 4.85 days to cover. Shares are up 65% year-to-date as of the close of trading on Friday.

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