The stock of Amprius Technologies Inc. (NYSE:AMPX) decreased by -$0.59 on Friday to finish at $6.04, down -8.90 percent. The last five days have seen an average of 213,400 shares of common stock traded. The average number of shares traded over the last 20 days was 176,600, while the average volume over the last 50 days totaled 310,248.
AMPX stock dropped -26.25% since last month. On 08/11/23, the company’s shares reached a one-month low of $5.53. The stock touched a high of $26.01, after rallying from a low of $4.15 in 52 weeks. The price of AMPX stock has declined by -23.83% or -$1.89 this year, reaching a new high 10 times. Still, the stock price is down -76.78% from the 52-week high.
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Insider Transactions
AMPX stock investors should be aware that Amprius Technologies Inc. (AMPX) stock had its last reported insider trading activity 60 days ago on Jun 15. On Jun 15, Director MIRRO JUSTIN E sold 61,000 shares at $8.85 each. This transaction resulted in the insider making $540,131. On Jun 14, MIRRO JUSTIN E sold 50,000 shares at a price of US$9.50. After the transaction, the insider now owns 2,558,142 shares.
Financial Health
For the recent quarter, Amprius Technologies Inc.’s quick ratio was 7.80, while its current ratio was 7.90, indicating its ability to pay off its debt. Based on annual data, it had gross profit of -$5.44 million and revenue of $4.41 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMPX’s return on assets (ROA) during the last 12 months has been -34.70%. There was a -24.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -42.00%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.68 million, while revenues rose by 100.0% to $3.59 million. EBITDA was -$9.2 million for the quarter. At the end of Amprius Technologies Inc.’s most recent quarter, its liabilities totaled 16.91 million, while its total debt was $8.07 million. Equity owned by shareholders amounts to $84.97 million.
Technical Picture
Here’s a quick look at Amprius Technologies Inc.’s (AMPX) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 18.01%, suggesting the stock is oversold, with a 42.06% historical volatility rate.
The stochastic %K and %D were 10.10% and 9.61% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 22.32%, the RSI (14) reading is 26.68%. On the 9-day MACD Oscillator, the stock is at -0.45, and the 14-day reading is at -0.61.
Analyst Ratings
In its analyst report released on June 02, 2023, Northland Capital began covering Amprius Technologies Inc. (NYSE: AMPX). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Amprius Technologies Inc. (AMPX) an Buy rating. AMPX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is AMPX’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $16.00, with a median target price of $14.50. In analyzing these forecasts, the average price target given by analysts for Amprius Technologies Inc. (AMPX) is $14.50.
