We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amprius (AMPX) Stock Jumps 27.3%: Will It Continue to Soar?
Read MoreHide Full Article
Amprius Technologies (AMPX - Free Report) shares ended the last trading session 27.3% higher at $5.03. 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 28.7% loss over the past four weeks.
Amprius has continued its upward momentum for the third consecutive day, fueled by positive sentiment surrounding the successful integration of its high-energy density cells into advanced battery packs. The packs are created by Tenergy, a prominent provider of comprehensive power solutions within the rechargeable battery sector.
This battery maker is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -100%. Revenues are expected to be $0.6 million, down 26.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and 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, AirSculpt Technologies, Inc. (AIRS - Free Report) , finished the last trading session 1% lower at $7.28. AIRS has returned -6% over the past month.
For AirSculpt Technologies, Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.09. This represents a change of +169.2% from what the company reported a year ago. AirSculpt Technologies, Inc. currently has a Zacks Rank of #1 (Strong Buy).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Amprius (AMPX) Stock Jumps 27.3%: Will It Continue to Soar?
Amprius Technologies (AMPX - Free Report) shares ended the last trading session 27.3% higher at $5.03. 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 28.7% loss over the past four weeks.
Amprius has continued its upward momentum for the third consecutive day, fueled by positive sentiment surrounding the successful integration of its high-energy density cells into advanced battery packs. The packs are created by Tenergy, a prominent provider of comprehensive power solutions within the rechargeable battery sector.
This battery maker is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -100%. Revenues are expected to be $0.6 million, down 26.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and 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, AirSculpt Technologies, Inc. (AIRS - Free Report) , finished the last trading session 1% lower at $7.28. AIRS has returned -6% over the past month.
For AirSculpt Technologies, Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.09. This represents a change of +169.2% from what the company reported a year ago. AirSculpt Technologies, Inc. currently has a Zacks Rank of #1 (Strong Buy).