Amprius Technologies (NYSE:AMPX) Trading 5.7% Higher – Time to Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price traded up 5.7% on Monday . The stock traded as high as $9.49 and last traded at $9.2380. 5,831,526 shares were traded during trading, an increase of 0% from the average session volume of 5,819,602 shares. The stock had previously closed at $8.74.

Wall Street Analysts Forecast Growth

AMPX has been the subject of a number of recent analyst reports. Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, October 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Cantor Fitzgerald increased their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.57.

Amprius Technologies Trading Up 5.7%

The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -35.53 and a beta of 3.04. The firm’s 50-day moving average is $10.73 and its 200 day moving average is $9.29.

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

Insiders Place Their Bets

In related news, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $7,868,794.96. The trade was a 20.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 68,655 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $10.08, for a total value of $692,042.40. Following the sale, the chief executive officer directly owned 1,403,651 shares in the company, valued at $14,148,802.08. This trade represents a 4.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,291,934 shares of company stock valued at $13,627,944 over the last 90 days. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

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