Amprius Technologies (NYSE:AMPX) Shares Up 4.1% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX) was up 4.1% on Thursday . The company traded as high as $9.71 and last traded at $9.2640. Approximately 6,813,554 shares were traded during trading, an increase of 10% from the average daily volume of 6,170,241 shares. The stock had previously closed at $8.90.

Wall Street Analyst Weigh In

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

Amprius Technologies Trading Up 4.1%

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -35.63 and a beta of 3.04. The company has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $9.33.

Amprius Technologies (NYSE:AMPX) last posted 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 during 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 forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s stock in a transaction on 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 sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at $7,868,794.96. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kang Sun sold 1,000,000 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the transaction, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at $15,606,443.60. The trade was a 40.45% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,291,934 shares of company stock valued at $13,627,944. Insiders own 12.90% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMPX. Bank of America Corp DE lifted its position in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Amprius Technologies in the second quarter valued at about $42,000. Quarry LP bought a new stake in Amprius Technologies during the third quarter worth about $42,000. Finally, Rhumbline Advisers raised its holdings in Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after acquiring an additional 5,951 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.