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

Amprius Technologies, Inc. (NYSE:AMPX)’s share price shot up 2.1% during mid-day trading on Friday . The company traded as high as $9.62 and last traded at $9.34. 7,751,272 shares were traded during trading, an increase of 26% from the average session volume of 6,135,918 shares. The stock had previously closed at $9.15.

Analyst Ratings Changes

AMPX has been the topic of several research analyst reports. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald boosted their price objective on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Roth Capital set a $14.00 target price on Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.29.

Amprius Technologies Trading Up 2.1%

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -35.92 and a beta of 2.94. The company has a 50 day moving average price of $11.72 and a 200 day moving average price of $8.78.

Amprius Technologies (NYSE:AMPX) last posted 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. The business had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. Equities analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Kang Sun sold 68,655 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $692,042.40. Following the transaction, the chief executive officer directly owned 1,403,651 shares in the company, valued at $14,148,802.08. This represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the completion of the transaction, the chief technology officer directly owned 748,696 shares in the company, valued at approximately $7,868,794.96. The trade was a 20.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,291,934 shares of company stock valued at $13,627,944. 12.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC acquired a new position in Amprius Technologies in the third quarter valued at about $19,737,000. BNP Paribas Financial Markets increased its stake in shares of Amprius Technologies by 1,117.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after acquiring an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock valued at $68,513,000 after acquiring an additional 1,757,395 shares during the last quarter. Invesco Ltd. raised its position in shares of Amprius Technologies by 113.3% in the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock valued at $25,031,000 after acquiring an additional 1,263,846 shares during the period. Finally, Stephens Investment Management Group LLC bought a new position in Amprius Technologies during the 3rd quarter worth approximately $11,392,000. Institutional investors own 5.04% of the company’s stock.

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.