Amprius Technologies (NYSE:AMPX) Stock Price Up 7% – What’s Next?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) were up 7% during mid-day trading on Wednesday . The stock traded as high as $10.38 and last traded at $10.3510. Approximately 6,756,271 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 6,687,094 shares. The stock had previously closed at $9.67.

Analyst Ratings Changes

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

Amprius Technologies Price Performance

The firm has a market capitalization of $1.35 billion, a PE ratio of -39.81 and a beta of 3.04. The company’s fifty day simple moving average is $10.33 and its 200 day simple moving average is $9.52.

Amprius Technologies (NYSE:AMPX) last posted its earnings results 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 firm had revenue of $21.43 million during the quarter, compared to the consensus estimate of $16.45 million. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. On average, analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, CEO Kang Sun sold 68,655 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $10.08, for a total transaction of $692,042.40. Following the sale, the chief executive officer owned 1,403,651 shares of the company’s stock, valued at $14,148,802.08. The trade was a 4.66% decrease in their position. The sale 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 the firm’s 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 directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,291,934 shares of company stock worth $13,627,944 in the last three months. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently modified their holdings of AMPX. Vanguard Group Inc. lifted its holdings in shares of Amprius Technologies by 37.0% in the third 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 in the last quarter. Invesco Ltd. increased its holdings in Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after acquiring an additional 1,263,846 shares during the period. BNP Paribas Financial Markets lifted its stake in 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 worth $20,450,000 after purchasing an additional 1,784,291 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Amprius Technologies in the 3rd quarter valued at $19,737,000. Finally, Two Sigma Investments LP boosted its holdings in Amprius Technologies by 24.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company’s stock valued at $18,448,000 after purchasing an additional 341,969 shares during the period. 5.04% of the stock is currently owned by institutional investors.

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.