Amprius Technologies Inc (NYSE: AMPX) Stock: Boom Or Bust? What Happens Next?

During the last session, Amprius Technologies Inc (NYSE:AMPX)’s traded shares were 1.77 million, with the beta value of the company hitting 2.57. At the end of the trading day, the stock’s price was $1.35, reflecting an intraday loss of -10.60% or -$0.16. The 52-week high for the AMPX share is $6.02, that puts it down -345.93 from that peak though still a striking 54.81% gain since the share price plummeted to a 52-week low of $0.61. The company’s market capitalization is $142.89M, and the average intraday trading volume over the past 10 days was 2.23 million shares, and the average trade volume was 1.24 million shares over the past three months.

Amprius Technologies Inc (AMPX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AMPX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.

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Amprius Technologies Inc (NYSE:AMPX) trade information

Amprius Technologies Inc (AMPX) registered a -10.60% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.60% in intraday trading to $1.35, hitting a weekly high. The stock’s 5-day price performance is -6.90%, and it has moved by 35.00% in 30 days. Based on these gigs, the overall price performance for the year is -53.61%. The short interest in Amprius Technologies Inc (NYSE:AMPX) is 3.38 million shares and it means that shorts have 1.97 day(s) to cover.

Amprius Technologies Inc (AMPX) estimates and forecasts

Statistics show that Amprius Technologies Inc has underperformed its competitors in share price, compared to the industry in which it operates. Amprius Technologies Inc (AMPX) shares have gone down -37.50% during the last six months, with a year-to-date growth rate less than the industry average at -16.28% against 18.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -20.00% this quarter and then drop -18.20% in the quarter after that. In the rating firms’ projections, revenue will increase 62.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.53M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 5.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.8M and 3.94M respectively. In this case, analysts expect current quarter sales to grow by 26.20% and then jump by 39.50% in the coming quarter.

While earnings are projected to return -13.28% in 2024.

AMPX Dividends

Amprius Technologies Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Amprius Technologies Inc insiders own 16.03% of total outstanding shares while institutional holders control 21.35%, with the float percentage being 25.42%. INVESCO LTD. is the largest shareholder of the company, while 95.0 institutions own stock in it. As of 2024-06-30, the company held over 1.19 million shares (or 1.3226% of all shares), a total value of $1.51 million in shares.

The next largest institutional holding, with 1.1 million shares, is of ZAZOVE ASSOCIATES LLC’s that is approximately 1.2267% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.4 million.