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

Shares of Amprius Technologies, Inc. (NYSE:AMPX) gapped up before the market opened on Monday . The stock had previously closed at $9.52, but opened at $10.31. Amprius Technologies shares last traded at $10.32, with a volume of 1,861,808 shares traded.

Analyst Upgrades and Downgrades

AMPX has been the topic of a number of research reports. Craig Hallum assumed coverage on shares of Amprius Technologies in a research note on Monday. They set a “buy” rating and a $17.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Cantor Fitzgerald lifted their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Needham & Company LLC started coverage on Amprius Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $20.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.63.

Amprius Technologies Stock Performance

The business has a 50 day simple moving average of $10.26 and a 200-day simple moving average of $10.41. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -39.23 and a beta of 2.98.

Insiders Place Their Bets

In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of Amprius Technologies stock in a transaction dated 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 of the company’s stock, valued at approximately $15,482,270.53. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $476,280.00. Following the completion of the transaction, the chief technology officer owned 748,696 shares in the company, valued at approximately $8,984,352. The trade was a 5.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,305,652 shares of company stock valued at $25,504,331 over the last three months. 12.80% of the stock is currently owned by insiders.

Institutional Trading of Amprius Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. EWA LLC boosted its stake in Amprius Technologies by 3.8% in the 4th quarter. EWA LLC now owns 19,958 shares of the company’s stock worth $157,000 after purchasing an additional 723 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Amprius Technologies by 14.7% during the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock valued at $124,000 after acquiring an additional 1,516 shares in the last quarter. Graham Capital Management L.P. grew its stake in Amprius Technologies by 3.2% in the fourth quarter. Graham Capital Management L.P. now owns 49,596 shares of the company’s stock worth $391,000 after purchasing an additional 1,551 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Amprius Technologies by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company’s stock worth $263,000 after purchasing an additional 1,621 shares during the period. Finally, First Trust Advisors LP raised its position in Amprius Technologies by 6.7% during the 4th quarter. First Trust Advisors LP now owns 32,744 shares of the company’s stock valued at $258,000 after purchasing an additional 2,066 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

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.