Amprius Technologies (NYSE:AMPX) Trading Up 4.1% – Time to Buy?

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Roth Capital set a $14.00 price target on shares of Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Northland Securities set a $20.00 price target on 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 note on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Amprius Technologies in a report on Tuesday, December 23rd. Finally, Cantor Fitzgerald raised their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.57.

Amprius Technologies Stock Up 2.5%

The company has a 50 day moving average of $10.45 and a two-hundred day moving average of $9.37. The firm has a market cap of $1.24 billion, a P/E ratio of -36.44 and a beta of 3.04.

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, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $21.43 million during the quarter, compared to analyst estimates of $16.45 million. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. Research analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kang Sun sold 68,655 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $692,042.40. Following the completion of the sale, the chief executive officer directly owned 1,403,651 shares of the company’s stock, valued at $14,148,802.08. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $10.51, for a total value of $2,083,660.05. Following the completion of the transaction, the chief technology officer owned 748,696 shares in the company, valued at $7,868,794.96. The trade was a 20.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,291,934 shares of company stock valued at $13,627,944 over the last 90 days. 12.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings 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 during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Amprius Technologies by 2,043.2% during 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 period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Amprius Technologies in the 2nd quarter valued at approximately $42,000. Quarry LP purchased a new stake in shares of Amprius Technologies in the 3rd quarter valued at approximately $42,000. Finally, Rhumbline Advisers grew its position in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares in the last quarter. Institutional investors and hedge funds 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.