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Amprius (AMPX) Soars 13.7%: Is Further Upside Left in the Stock?
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Amprius Technologies (AMPX - Free Report) shares ended the last trading session 13.7% higher at $10.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 35.6% gain over the past four weeks.
This increased investor optimism is mostly due to a significant increase in trading volume and positive investor sentiment driven by recent favorable analyst ratings and the company's strong purchase order momentum.
This battery maker is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +40%. Revenues are expected to be $17.07 million, up 117.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Amprius, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AMPX going forward to see if this recent jump can turn into more strength down the road.
Amprius is a member of the Zacks Technology Services industry. One other stock in the same industry, Dave Inc. (DAVE - Free Report) , finished the last trading session 2.1% higher at $218.69. DAVE has returned 12.8% over the past month.
For DAVE INC, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.09. This represents a change of +38.4% from what the company reported a year ago. DAVE INC currently has a Zacks Rank of #2 (Buy).
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Amprius (AMPX) Soars 13.7%: Is Further Upside Left in the Stock?
Amprius Technologies (AMPX - Free Report) shares ended the last trading session 13.7% higher at $10.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 35.6% gain over the past four weeks.
This increased investor optimism is mostly due to a significant increase in trading volume and positive investor sentiment driven by recent favorable analyst ratings and the company's strong purchase order momentum.
This battery maker is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +40%. Revenues are expected to be $17.07 million, up 117.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Amprius, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AMPX going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Amprius is a member of the Zacks Technology Services industry. One other stock in the same industry, Dave Inc. (DAVE - Free Report) , finished the last trading session 2.1% higher at $218.69. DAVE has returned 12.8% over the past month.
For DAVE INC, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.09. This represents a change of +38.4% from what the company reported a year ago. DAVE INC currently has a Zacks Rank of #2 (Buy).