This Red-Hot Battery Stock Is Up 580% in the Past Year

• Amprius Technologies (AMPX) hit a new 52-week high in morning trading on July 21.
• Shares have a 100% technical “Buy” signal via Barchart.
• The stock is trading above its key moving averages and has gained 581% over the past year.
• Amprius has solid fundamentals, but some analysts warn it’s overvalued. 

Today’s Featured Stock:

Valued at $1.02 billion, Amprius Technologies (AMPX)  is a manufacturer of high-energy and high-power lithium-ion batteries with its silicon nanowire anode platform.  

What I’m Watching:

I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. AMPX checks those boxes. Since the Trend Seeker signaled a buy on May 13, the stock has gained 201.74%.

More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.

 

AMPX Price vs. Daily Moving Averages:

www.barchart.com

Barchart Technical Indicators for Amprius Technologies:

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Amprius shares hit a new 52-week high on July 21, touching $9 in morning trading. 

• AMPX has a 100% technical “Buy” signal.
• The stock recently traded at $8.76, above its 50-day moving average of $4.05.
• Amprius has a Weighted Alpha of +287.49.
• The stock has gained nearly 581.49% over the past year.
• AMPX has its Trend Seeker “Buy” signal intact.
• Amprius is trading above its 20, 50 and 100-day moving averages.
• The stock made 16 new highs and gained 127.16% in the last month.
• Relative Strength Index is at 88.51%.
• The technical support level is $8.11.

Don’t Forget the Fundamentals:

• $1.02 billion market capitalization.
• Revenue is projected to grow 145.46% this year and another 217.92% next year.
• Earnings are estimated to increase 27.81% this year and increase an additional 83.52% next year.

Analyst and Investor Sentiment on Amprius:

I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it’s hard to make money swimming against the tide.

It looks like Wall Street analysts are bullish, but some major advisory sites aren’t.

• The Wall Street analysts tracked by Barchart issued seven “Strong Buy” opinions on the stock.
• Value Line gives the company its average rating.
• CFRA’s MarketScope rates the stock a “Sell.”
• Morningstar thinks the stock is 64% overvalued.
• 3,860 investors monitor the stock on Seeking Alpha, which rates the stock a “Hold.”

The Bottom Line:

Amprius Technologies currently has momentum and is hitting new highs. Wall Street Analysts think it has room to appreciate but some major advisory services think it has peaked.

I caution that AMPX is volatile and speculative — use strict risk management and stop-loss strategies.

Today’s Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.

Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.

On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.