Amprius Technologies Inc (NYSE: AMPX) Trading above Its 20 Day MA ($1.85), Why Showing An Interesting Price Pattern?

Amprius Technologies Inc (NYSE:AMPX) does about 617.75K shares in volume on a normal day but saw 704712 shares change hands in Friday trading. The company now has a market cap of 206.71M USD. Its current market price is $2.19, marking an increase of 1.39% compared to the previous close of $2.16. The 52 week high reached by this stock is $10.63 whilst the lowest price level in 52 weeks is $1.56.

Amprius Technologies Inc (AMPX) has a 20-day trading average at $1.85 and the current price is -79.40% off the 52-week high compared with 40.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.42 and its 200-day simple moving average is $3.96. If we look at the stock’s price movements over the week, volatility stands at 12.03%, which decreases to 9.61% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.82 to suggest the stock is neutral.

The consensus objective for the share price is $10.50, suggesting that the stock has a potential upside of 79.14% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 11, 2024 when ROTH MKM initiated the stock to “Buy” and issued a price target of $10. Alliance Global Partners initiated its price target at $10.

Amprius Technologies Inc (AMPX) stock is up 25.86% over the week and 1.86% over the past month. Its price is -58.60% year-to-date and -75.53% over the past year.

To reach the target analysts have set, the stock logically needs to grow 79.14 percent from here.

The company has a return on investment of -39.01% and return on equity of -55.37%. The beta has a value of 2.88. Price to book ratio is 3.25 and price to sales ratio is 22.84.