Amprius Technologies (NYSE:AMPX) Trading 8.4% Higher – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX) rose 8.4% during mid-day trading on Friday . The stock traded as high as $11.20 and last traded at $11.00. 10,402,043 shares were traded during trading, an increase of 43% from the average daily volume of 7,269,870 shares. The stock had previously closed at $10.15.

Analyst Ratings Changes

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

Amprius Technologies Stock Performance

The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -42.31 and a beta of 3.04. The company has a 50 day moving average price of $10.22 and a 200 day moving average price of $9.62.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $21.43 million for 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%. On average, research analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through this link. Also, CEO Kang Sun sold 1,000,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.60, for a total value of $10,600,000.00. Following the transaction, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,798,201 shares of company stock valued at $18,741,241 in the last ninety days. 12.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Amprius Technologies by 37.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after purchasing an additional 1,757,395 shares during the period. Invesco Ltd. boosted its stake in shares of Amprius Technologies by 113.3% in the 3rd 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. BNP Paribas Financial Markets grew its position in shares of Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock worth $20,450,000 after buying an additional 1,784,291 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Amprius Technologies during the third quarter worth approximately $19,737,000. Finally, Two Sigma Investments LP raised its holdings in Amprius Technologies by 24.2% in the third quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company’s stock valued at $18,448,000 after acquiring an additional 341,969 shares in the last quarter. 5.04% of the stock is currently owned by hedge funds and other 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.