Amprius Technologies (NYSE:AMPX) Trading 4.4% Higher – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX)’s share price shot up 4.4% during trading on Thursday . The company traded as high as $10.39 and last traded at $10.3450. 4,082,150 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 8,258,166 shares. The stock had previously closed at $9.91.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMPX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Cantor Fitzgerald upped their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Finally, Needham & Company LLC assumed coverage on shares of Amprius Technologies in a research note on Thursday, January 29th. They set a “buy” rating and a $20.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.57.

Amprius Technologies Trading Down 8.0%

The business’s 50 day moving average price is $10.26 and its two-hundred day moving average price is $10.38. The stock has a market cap of $1.24 billion, a P/E ratio of -36.63 and a beta of 2.99.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total transaction of $476,330.55. Following the transaction, the director owned 1,403,651 shares in the company, valued at approximately $15,482,270.53. This represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $476,280.00. Following the completion of the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $8,984,352. The trade was a 5.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,305,652 shares of company stock worth $25,504,331. Insiders own 12.90% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of hedge funds have recently modified their holdings of AMPX. Quarry LP bought a new position in shares of Amprius Technologies in the 3rd quarter worth about $42,000. Jones Financial Companies Lllp grew its holdings in Amprius Technologies by 353.2% in the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after purchasing an additional 3,532 shares during the period. Parallel Advisors LLC purchased a new position in shares of Amprius Technologies during the third quarter valued at approximately $54,000. Leonteq Securities AG bought a new stake in shares of Amprius Technologies in the 4th quarter worth approximately $47,000. Finally, Summit Securities Group LLC bought a new stake in shares of Amprius Technologies in the 4th quarter worth approximately $54,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.