Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Potential Upside* |
|---|---|---|---|---|---|---|---|
| 24 Mar, 25 | AMPX | Buy | USD 3.35 | USD 3.6 | USD 3.8 | Same day | 13.4% |
*Potential Upside (%) indicates the expected percentage increase from the Entry Price to the Target 2 Price.
Data Powered by EOD Historical Data (“EODHD”).
Amprius Technologies, Inc. produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites. The company was incorporated in 2008 and is headquartered in Fremont, California.
Reduced SG&A Expenses: Selling, General, and Administrative (SG&A) expenses decreased by $1.7 million (8%), mainly due to a $5.3 million reduction in non-recurring professional fees and insurance costs
Significant Revenue Growth: Revenue increased by $15.1 million (167%), primarily due to a $14.9 million increase in SiCore battery sales and a $0.3 million increase in government grants
Loss on Equipment Retirement: A $1.9 million loss was incurred due to the retirement of unused equipment with no alternative use
Increased Cost of Revenue: Cost of revenue rose by $18.8 million (79%) to $42.5 million, driven by higher material, personnel, and overhead costs
The company faces several risks related to its technology, products, and manufacturing. Its batteries may have defects, performance issues, or unknown failure modes, leading to recalls, warranty costs, or reputational damage. The reliance on third-party manufacturers, particularly Berzelius, introduces risks such as supply chain disruptions, pricing uncertainties, and quality control issues. Scaling up production presents challenges, including high capital costs, operational inefficiencies, and unforeseen technical difficulties. Additionally, external factors like tariffs, geopolitical issues, and supply chain constraints could negatively impact manufacturing and costs. Failure to meet production targets or cost efficiencies may limit market opportunities and profitability.
| Entry Price | Support* | Target 1 | Target 2 |
|---|---|---|---|
| 3.35 | 3.0 | 3.6 | 3.8 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
AMPX's stock price has found support at important levels and is beginning to rise, suggesting the potential for short-term gains. The 14-day Relative Strength Index (RSI) is reversed from lower levels, which adds to the bullish outlook. In addition, the stock is currently situated above its 50-period simple moving average, supporting positive bias.
As per the above-mentioned price action and technical indicators analysis, a ‘Buy’ rating has been given to Amprius Technologies, Inc. (NYSE: AMPX) at its current market price of USD 3.35 as of March 24, 2025 (6:50 am PDT).
Data Powered by EOD Historical Data (“EODHD”).
Sector: Industrials Industry: Electrical Equipment & Parts
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AMPX Amprius Technologies Inc. |
-0.1099 4.10% | 2.57 | - | - | 13.38 | 3.87 | 12.73 | -34.4896 |
| ABLZF ABB Ltd |
- -% | 52.80 | 21.23 | 21.01 | 2.58 | 6.22 | 2.64 | 14.26 |
| ABBNY ABB Ltd |
-0.52 0.99% | 51.83 | 20.83 | 20.28 | 2.54 | 6.00 | 2.64 | 14.26 |
| MIELF Mitsubishi Electric Corporation |
- -% | 17.20 | 16.87 | 14.53 | 0.0059 | 1.21 | 0.0052 | 0.05 |
| MIELY Mitsubishi Electric Corp ADR |
-0.62 1.69% | 36.11 | 16.50 | 14.88 | 0.0058 | 1.23 | 0.0052 | 0.05 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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