Amprius Technologies Inc (NYSE:AMPX) price on Thursday, February 27, fall -8.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.54.
A look at the stock’s price movement, the close in the last trading session was $2.77. Turning to its 52-week performance, $4.20 and $0.61 were the 52-week high and 52-week low respectively. Overall, AMPX moved -22.09% over the past month.
Amprius Technologies Inc’s market cap currently stands at around $280.86 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 7.09M for the company’s revenue for the quarter, with a low and high estimate of 6.48M and 8.4M respectively. The average forecast suggests up to a 79.68% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 20.61M, representing a 127.69% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMPX is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend AMPX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMPX’s current price about -20.69% and -14.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.34, while 7-day volatility ratio is 12.55% and 9.34% in the 30-day chart. Further, Amprius Technologies Inc (AMPX) has a beta value of 2.53, and an average true range (ATR) of 0.34.
If we refocus on Amprius Technologies Inc (NYSE:AMPX), historical trading data shows that trading volumes averaged 3.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 111.34 million shares.
The 30.17% of Amprius Technologies Inc’s shares are in the hands of company insiders while institutional holders own 14.62% of the company’s shares. Current price change has pushed the stock -9.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMPX stock continues to rise going into the next quarter.
