Amprius Technologies Inc (NYSE: AMPX) Stock: Does It Have The Potential To Rise?

In today’s recent session, 0.95 million shares of the Amprius Technologies Inc (NYSE:AMPX) have been traded, and its beta is 2.60. Most recently the company’s share price was $1.40, and it changed around $0.03 or 2.04% from the last close, which brings the market valuation of the company to $155.25M. AMPX at last check was trading at a discount to its 52-week high of $6.02, offering almost -330.0% off that amount. The share price’s 52-week low was $0.61, which indicates that the recent value has risen by an impressive 56.43% since then. We note from Amprius Technologies Inc’s average daily trading volume that its 10-day average is 2.0 million shares, with the 3-month average coming to 1.17 million.

Amprius Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended AMPX as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Amprius Technologies Inc is expected to report earnings per share of -0.13 for the current quarter.

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Amprius Technologies Inc (NYSE:AMPX) trade information

Instantly AMPX has been showing a green trend so far today with a performance of 2.04% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.7493 on recent trading dayincreased the stock’s daily price by 19.97%. The company’s shares are currently down -73.57% year-to-date, but still down -9.22% over the last five days. On the other hand, Amprius Technologies Inc (NYSE:AMPX) is 25.95% up in the 30-day period. We can see from the shorts that 3.38 million shares have been sold at a short interest cover period of 1.97 day(s).

Amprius Technologies Inc (AMPX) estimates and forecasts

Amprius Technologies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -25.64 percent over the past six months and at a -16.28% annual growth rate that is well below the industry average of 18.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -30.00% in revenue this quarter, and will report a decrease of -18.20% in the next quarter. The year-over-year growth rate is expected to be 62.70%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 3.53M in revenue for the current quarter. 6 analysts expect Amprius Technologies Inc to make 5.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.8M and 3.94M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.20%. Forecasts for the next quarter put sales growth at 39.50%.

AMPX Dividends

Amprius Technologies Inc’s next quarterly earnings report is expected to be released on 2024-Aug-08.

Amprius Technologies Inc (NYSE:AMPX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 68.56% of Amprius Technologies Inc shares, and 7.43% of them are in the hands of institutional investors. The stock currently has a share float of 23.64%. Amprius Technologies Inc stock is held by 93.0 institutions, with INVESCO LTD. being the largest institutional investor. By 2024-06-30, it held 1.3226% of the shares, which is about 1.19 million shares worth $1.51 million.

ZAZOVE ASSOCIATES LLC, with 1.2267% or 1.1 million shares worth $1.4 million as of 2024-06-30, holds the second largest percentage of outstanding shares.