Amprius Technologies (NYSE:AMPX) Stock Price Up 6.1% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price rose 6.1% during mid-day trading on Tuesday . The company traded as high as $10.83 and last traded at $10.8190. Approximately 6,069,018 shares traded hands during trading, a decline of 25% from the average daily volume of 8,098,249 shares. The stock had previously closed at $10.20.

Wall Street Analysts Forecast Growth

AMPX has been the topic of several research reports. Cantor Fitzgerald raised 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. Craig Hallum started coverage on shares of Amprius Technologies in a research report on Monday. They issued a “buy” rating and a $17.00 price objective for the company. Oppenheimer restated an “outperform” rating and set a $17.00 target price on shares of Amprius Technologies in a report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Finally, Needham & Company LLC began coverage on Amprius Technologies in a research report on Thursday, January 29th. They issued a “buy” rating and a $20.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.63.

Amprius Technologies Price Performance

The company has a market cap of $1.41 billion, a price-to-earnings ratio of -41.61 and a beta of 2.98. The company’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $10.43.

Insider Buying and Selling at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 25,366 shares of Amprius Technologies stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $257,718.56. Following the sale, the chief technology officer owned 723,330 shares of the company’s stock, valued at $7,349,032.80. The trade was a 3.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kang Sun sold 61,251 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $622,310.16. Following the completion of the transaction, the director directly owned 1,342,400 shares of the company’s stock, valued at approximately $13,638,784. The trade was a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,392,269 shares of company stock worth $26,384,359 in the last ninety days. 12.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of 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 buying an additional 3,055 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after acquiring an additional 9,072 shares in the last quarter. Quarry LP bought a new position in Amprius Technologies during the 3rd quarter valued at $42,000. Rhumbline Advisers increased its position in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after purchasing an additional 9,684 shares in the last quarter. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.