Amprius Technologies Inc (NYSE:AMPX) price on Wednesday, May 21, fall -5.10% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.42.
A look at the stock’s price movement, the close in the last trading session was $2.55. Turning to its 52-week performance, $4.20 and $0.61 were the 52-week high and 52-week low respectively. Overall, AMPX moved 11.52% over the past month.
Amprius Technologies Inc’s market cap currently stands at around $291.72 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 12.38M for the company’s revenue for the quarter, with a low and high estimate of 11.12M and 14.2M respectively. The average forecast suggests up to a 270.16% 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 59.31M, representing a 145.43% 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 Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -3.03% and -2.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.60, while 7-day volatility ratio is 5.72% and 8.03% in the 30-day chart. Further, Amprius Technologies Inc (AMPX) has a beta value of 2.32, and an average true range (ATR) of 0.21.
If we refocus on Amprius Technologies Inc (NYSE:AMPX), historical trading data shows that trading volumes averaged 3.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 120.55 million shares.
The 31.37% of Amprius Technologies Inc’s shares are in the hands of company insiders while institutional holders own 17.05% of the company’s shares. Current price change has pushed the stock -13.57% 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.
