Amprius Technologies (NYSE:AMPX) Issues Earnings Results

Amprius Technologies (NYSE:AMPX) posted its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01, Yahoo Finance reports. The firm had revenue of $3.94 million for the quarter, compared to analysts’ expectations of $2.60 million. Amprius Technologies had a negative return on equity of 55.31% and a negative net margin of 406.23%. During the same quarter last year, the business earned ($0.07) EPS.

Amprius Technologies Stock Down 6.8 %

Shares of Amprius Technologies stock opened at $2.76 on Friday. The firm’s 50 day moving average is $3.68 and its 200 day moving average is $3.86. Amprius Technologies has a 1 year low of $2.59 and a 1 year high of $10.63.

Insider Activity at Amprius Technologies

In related news, insider Jonathan Bornstein sold 150,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.43, for a total transaction of $664,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 409,800 shares of company stock valued at $1,651,116 in the last quarter. Insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC bought a new stake in shares of Amprius Technologies in the 4th quarter valued at about $166,000. Morgan Stanley acquired a new stake in Amprius Technologies during the 4th quarter valued at approximately $155,000. Citadel Advisors LLC bought a new position in Amprius Technologies during the 3rd quarter worth approximately $118,000. Cubist Systematic Strategies LLC bought a new stake in shares of Amprius Technologies in the 3rd quarter valued at $114,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Amprius Technologies during the second quarter worth $111,000. Institutional investors own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMPX. Alliance Global Partners began coverage on shares of Amprius Technologies in a research report on Tuesday, December 5th. They set a “buy” rating and a $10.00 price target on the stock. Roth Mkm initiated coverage on Amprius Technologies in a research note on Thursday, January 11th. They issued a “buy” rating and a $10.00 price target for the company. Roth Capital restated a “buy” rating on shares of Amprius Technologies in a research note on Thursday, January 11th. William Blair assumed coverage on Amprius Technologies in a research report on Monday, December 18th. They set a “market perform” rating for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $15.00 price target on shares of Amprius Technologies in a research report on Friday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Amprius Technologies presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Amprius Technologies Company Profile

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.