Amprius Technologies, Inc. (NYSE:AMPX) Looks Just Right With A 27% Price Jump
Those holding Amprius Technologies, Inc. (NYSE:AMPX) shares would be relieved that the share price has rebounded 27% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. The last 30 days bring the annual gain to a very sharp 99%.
After such a large jump in price, when almost half of the companies in the United States’ Electrical industry have price-to-sales ratios (or “P/S”) below 2x, you may consider Amprius Technologies as a stock not worth researching with its 9.9x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
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