A Business Review Of Amprius Technologies Inc (NYSE: AMPX) And Growth Forecast

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In the last trading session, 1.74 million shares of the Amprius Technologies Inc (NYSE:AMPX) were traded, and its beta was 2.81. Most recently the company’s share price was $2.12, and it changed around -$0.11 or -4.93% from the last close, which brings the market valuation of the company to $213.31M. AMPX currently trades at a discount to its 52-week high of $6.02, offering almost -183.96% off that amount. The share price’s 52-week low was $0.61, which indicates that the current value has risen by an impressive 71.23% since then. We note from Amprius Technologies Inc’s average daily trading volume that its 10-day average is 3.69 million shares, with the 3-month average coming to 1.73 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 8 analysts rate the stock as a Sell; another 2 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 -0.1 for the current quarter.

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Amprius Technologies Inc (NYSE:AMPX) trade information

Instantly AMPX has showed a red trend with a performance of -4.93% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.72 on recent trading dayincreased the stock’s daily price by 22.06%. The company’s shares are currently down -59.92% year-to-date, but still up 22.54% over the last five days. On the other hand, Amprius Technologies Inc (NYSE:AMPX) is 63.08% up in the 30-day period. We can see from the shorts that 4.8 million shares have been sold at a short interest cover period of 2.4 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 risen 54.74 percent over the past six months and at a -4.65% annual growth rate that is well below the industry average of 19.60%. The year-over-year growth rate is expected to be 128.33%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 7.14M in revenue for the current quarter. 4 analysts expect Amprius Technologies Inc to make 7.56M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.94M and 2.34M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 81.07%. Forecasts for the next quarter put sales growth at 223.63%.

AMPX Dividends

Amprius Technologies Inc’s next quarterly earnings report is expected to be released in December.

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

Upon looking at major shareholders, it appears that insiders hold 16.03% of Amprius Technologies Inc shares, and 21.88% of them are in the hands of institutional investors. The stock currently has a share float of 26.05%. Amprius Technologies Inc stock is held by 96.0 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.