On the 22nd may shares of
AMBA
fell 12% following reports that its chinese customer HIK would be added to the banned list. Possibly a knee jerk reaction as this is purely speculation and AMBA is not actually registered in the USA. The earnings call might shed some light on the issue. On a more positive issue AMBA recently announced a exciting partnership with Baolong Technology to develop a advanced AI driver monitoring platform. Buyers have returned to the name in the last few days running into earnings which is encouraging and AMBA is expected to meet or beat expectations. This is a risky sector to be getting into in the current market but has a high RR and the short interest could help propel the stock on any rally.
SHORT INTEREST 16%
AVERAGE ANALYSTS PRICE TARGET $46.79
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.
AMBA
fell 12% following reports that its chinese customer HIK would be added to the banned list. Possibly a knee jerk reaction as this is purely speculation and AMBA is not actually registered in the USA. The earnings call might shed some light on the issue. On a more positive issue AMBA recently announced a exciting partnership with Baolong Technology to develop a advanced AI driver monitoring platform. Buyers have returned to the name in the last few days running into earnings which is encouraging and AMBA is expected to meet or beat expectations. This is a risky sector to be getting into in the current market but has a high RR and the short interest could help propel the stock on any rally. SHORT INTEREST 16%
AVERAGE ANALYSTS PRICE TARGET $46.79
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.