Amprius Technologies (NYSE:AMPX) Shares Up 1.8% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price rose 1.8% on Wednesday . The stock traded as high as $11.45 and last traded at $10.8620. Approximately 4,784,698 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 6,192,456 shares. The stock had previously closed at $10.67.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Roth Capital set a $14.00 price objective on Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. B. Riley boosted their price target on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. HC Wainwright restated a “buy” rating and set a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Finally, Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Amprius Technologies Stock Up 1.8%

The business’s 50-day simple moving average is $11.79 and its 200 day simple moving average is $7.59. The firm has a market capitalization of $1.42 billion, a P/E ratio of -41.78 and a beta of 2.87.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The company had revenue of $21.43 million for the quarter, compared to analyst estimates of $16.45 million. Sell-side analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 19,159 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $130,664.38. Following the transaction, the chief technology officer owned 846,975 shares in the company, valued at approximately $5,776,369.50. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kang Sun sold 65,654 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $447,760.28. Following the sale, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at approximately $10,041,126.92. This represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 113,203 shares of company stock worth $772,044. 12.80% of the stock is currently owned by company insiders.

Institutional Trading of Amprius Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Amprius Technologies in the 1st quarter worth about $40,000. Ameritas Investment Partners Inc. boosted its stake in shares of Amprius Technologies by 2,043.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after purchasing an additional 9,072 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Amprius Technologies during the second quarter valued at about $42,000. Finally, Quarry LP purchased a new position in shares of Amprius Technologies during the third quarter valued at about $42,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.