(MENAFN - Investor Brand Network) Ambarella Inc. (NASDAQ:AMBA) traded today at a new 52-week high of $149.99. This new high was reached on approximately average trading volume as 516,000 shares traded hands, while the average 30-day volume is approximately 657,000 shares.
Potential upside of 26.9% exists for Ambarella Inc., based on a current level of $148.25 and analysts’ average consensus price target of $188.17.
In the past 52 weeks, Ambarella Inc. share prices are bracketed by a low of $48.35 and a high of $149.99 and is now at $148.25, 207% 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 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.
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