Amprius Technologies (NYSE:AMPX) Shares Gap Up – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $9.75, but opened at $10.88. Amprius Technologies shares last traded at $10.0510, with a volume of 5,436,220 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Clear Str assumed coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price target for the company. JonesTrading began coverage on Amprius Technologies in a research note on Friday, July 10th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.00.

Amprius Technologies Trading Down 0.3%

The firm’s fifty day moving average price is $10.20 and its 200 day moving average price is $14.55. The firm has a market capitalization of $1.38 billion, a PE ratio of -33.53 and a beta of 2.33.

Insider Activity at Amprius Technologies

In related news, CEO Thomas Stepien sold 23,529 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $243,289.86. Following the completion of the transaction, the chief executive officer directly owned 602,096 shares in the company, valued at $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the sale, the director directly owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. The trade was a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 123,311 shares of company stock worth $1,272,556 over the last three months. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Amprius Technologies

Hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. increased its holdings in shares of Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after purchasing an additional 1,643 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Amprius Technologies by 5.4% in the 2nd quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock valued at $472,000 after purchasing an additional 1,743 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Amprius Technologies by 2.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 124,134 shares of the company’s stock worth $979,000 after buying an additional 3,000 shares in the last quarter. KBC Group NV purchased a new stake in Amprius Technologies during the first quarter worth $57,000. Finally, Corient Private Wealth LP boosted its holdings in Amprius Technologies by 22.3% during the second quarter. Corient Private Wealth LP now owns 19,573 shares of the company’s stock worth $271,000 after buying an additional 3,574 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) develops and manufactures high-performance lithium-ion batteries designed to deliver greater energy density and power than conventional lithium-ion batteries. Its technology uses silicon nanowire anodes in place of traditional graphite anodes, enabling batteries with increased energy storage potential while supporting demanding weight and performance requirements.

The company’s battery products are designed for applications including electric aviation, unmanned aerial systems, aerospace, defense, electric mobility and other specialized markets.