Amprius Technologies (NYSE:AMPX) Trading Up 2.1% – Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price rose 2.1% during trading on Monday . The stock traded as high as $13.13 and last traded at $12.50. Approximately 7,410,040 shares were traded during trading, a decline of 18% from the average daily volume of 9,026,107 shares. The stock had previously closed at $12.24.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Cantor Fitzgerald lifted their price objective on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Needham & Company LLC started coverage on Amprius Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $20.00 target price for the company. Roth Mkm set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Amprius Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.57.

Amprius Technologies Trading Up 2.1%

The firm’s 50-day moving average is $10.48 and its 200-day moving average is $10.24.

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

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total value of $476,330.55. Following the sale, the director owned 1,403,651 shares in the company, valued at $15,482,270.53. The trade was a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the 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 transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $8,984,352. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,399,331 shares of company stock worth $37,048,615 in the last three months. 12.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position 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 in the last quarter. AQR Capital Management LLC increased its stake in Amprius Technologies by 86.7% during the first quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock worth $208,000 after acquiring an additional 36,116 shares during the last quarter. Millennium Management LLC increased its stake in Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after acquiring an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Amprius Technologies by 128.6% during the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock valued at $656,000 after purchasing an additional 137,640 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares during the last quarter. 5.04% of the stock is 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.