With 0.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.09 million shares. The 52-week range on AMBP shows that it touched its highest point at $4.29 and its lowest point at $2.57 during that stretch. It currently has a 1-year price target of $3.97. With its current market cap of 2.09 billion, AMBP has annualized dividend of $0.50 while the current yield stands at 14.33%. Beta for the stock currently stands at 0.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMBP was up-trending over the past week, with a rise of 6.73%, but this was down by -9.59% over a month. Three-month performance dropped to -10.28% while six-month performance fell -1.41%. The stock lost -14.88% in the past year, while it has lost -9.11% so far this year. A look at the trailing 12-month EPS for AMBP yields -0.08 with Next year EPS estimates of 0.25. For the next quarter, that number is 0.00. This implies an EPS growth rate of 50.27% for this year and 36.04% for next year.
Float and Shares Shorts:
At present, 597.00 million AMBP shares are outstanding with a float of 137.79 million shares on hand for trading. On Feb 29, 2024, short shares totaled 3.67 million, which was 0.61% higher than short shares on Jan 31, 2024. In addition to AMBA as the firm’s Ambarella, Inc., AMLP serves as its Alerian MLP ETF.
Institutional Ownership:
Through their ownership of 17.72% of AMBP’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMBP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
