Is Amprius Technologies Inc [AMPX] a good investment? Don’t be fooled by its recent momentum

In yesterday’s Wall Street session, Amprius Technologies Inc (NYSE:AMPX) shares traded at $3.03, down -14.41% from the previous session.

AMPX stock price is now 46.15% away from the 50-day moving average and 94.18% away from the 200-day moving average. The market capitalization of the company currently stands at $335.04M.

With the price target of $10, ROTH MKM recently initiated with Buy rating for Amprius Technologies Inc (NYSE: AMPX). , while ‘Alliance Global Partners’ rates the stock as ‘Buy’

In other news, Sun Kang, Chief Executive Officer sold 33,779 shares of the company’s stock on Nov 21 ’24. The stock was sold for $66,362 at an average price of $1.96. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,316,974 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, President of Amprius Lab Bornstein Jonathan sold 133,536 shares of the business’s stock. A total of $256,883 was realized by selling the stock at an average price of $1.92. This leaves the insider owning 1,039,187 shares of the company worth $3.15 million. A total of 31.14% of the company’s stock is owned by insiders.

During the past 12 months, Amprius Technologies Inc has had a low of $0.61 and a high of $5.26. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 4.05, and a quick ratio of 3.93. The fifty day moving average price for AMPX is $2.04 and a two-hundred day moving average price translates $1.55909 for the stock.

The latest earnings results from Amprius Technologies Inc (NYSE: AMPX) was released for 2024-09-30. The net profit margin was -327.05% and return on equity was -61.64% for AMPX. The company reported revenue of $7.86 million for the quarter, compared to $2.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 180.74 percent.

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