AMPX Stock Summary and Trading Ideas (Amprius Technologies | NYSE:AMPX)

Amprius Technologies Inc is engaged in the production of silicon anodes for high energy density lithium-ion batteries. The company's batteries are used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites. All of its revenues is geographically earned in the United States.

Amprius Technologies trades on the NYSE stock market under the symbol AMPX.

As of April 24, 2024, AMPX stock price declined to $1.65 with 454,324 million shares trading.

AMPX has a beta of 1.88, meaning it tends to be more sensitive to market movements. AMPX has a correlation of 0.06 to the broad based SPY ETF.

AMPX has a market cap of $151.14 million. This is considered a Micro Cap stock.

Last quarter Amprius Technologies reported $4 million in Revenue and -$.11 earnings per share. This beat revenue expectation by $1 million and met earnings estimates .

The top ETF exchange traded funds that AMPX belongs to (by Net Assets): PBW, VTI, VXF, IWM, SCHA.

AMPX has underperformed the market in the last year with a price return of -82.6% while the SPY ETF gained +24.2%. AMPX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -63.1% and -18.7%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

AMPX support price is $1.65 and resistance is $1.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMPX stock will trade within this expected range on the day.