Oct. 25 at 3:38 PM
On every earnings date there is a large gap up or down, which is typical for a stock with this high of an institutional ownership of float. The funds then reevaluate their hypotheses. 7 out of the last 8 quarterly earnings of
$OUST resulted in clear 30-40% gap ups immediately the next day.
The only exception was Q2 2024. The only date when they missed earnings estimates and the stock was already beaten down by >30% of recent highs because of recession fears, Fed uncertainty, and rotations out of growth/tech at the time (so macroeconomic factors). Missing (negative) “earnings” did not affect the stock at all; it gapped up 4 times despite a miss there.
I think they have to show a beat in revenue guidance and improved margins, and we are jumping up at least 20% (some positivity is priced in currently). If there is substantial news on the product roadmap, this might literally rocket upwards again.
If either the Fed surprises or the Trump/Xi thing escalates, we are in for a wild ride, lol!
