A Stock Rise in AMBA has History on Its Side

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AMBA Shares Could Increase Ahead of Earnings

  • 11 out of the last 12 times, AMBA stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 4.0% Gains
AMBA is scheduled to report earnings on 30-Nov-2023. The last time Ambarella - reported earnings on Aug 29, 2023, the stock dropped by -20.4% to close at $60.34. At its current price of $55.09, AMBA post earnings drift is -8.7%. Typically, traders tended to bid up AMBA shares (heading into earnings) prior to its scheduled release.

AMBA Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves AMBA had for the last 12 quarters around earnings. The 2 day run up into earnings is notable as it shows that the stock increased 92% of the time for an average gain of 4.0%. That was actually a better bullish play than holding AMBA through earnings that saw a -3.2% decline.

AMBA historical stock price movement before earnings

Go to AMBA Historical Price Movements Around Earnings page

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