Here's what history shows about AMBA past earnings run-ups

22 February 2023, 1:23 PM

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By Dmitry Pargamanik

AMBA Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, AMBA stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 4.4% Gains
AMBA is scheduled to report earnings on 28-Feb-2023. The last time Ambarella - reported earnings on Dec 01, 2022, the stock increased by 3.3% to close at $76.38. At its current price of $91.15, AMBA post earnings drift is +19.6%. 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 3 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 4.4%. That was actually a better bullish play than holding AMBA through earnings that saw a -2.0% decline.

AMBA historical stock price movement before earnings

Go to AMBA Historical Price Movements Around Earnings page



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