Amprius Technologies (NYSE:AMPX) Trading Up 6.2% – Time to Buy?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) were up 6.2% on Tuesday . The stock traded as high as $11.68 and last traded at $11.5750. Approximately 5,555,457 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 7,692,546 shares. The stock had previously closed at $10.90.

Analyst Ratings Changes

Several equities research analysts recently commented on AMPX shares. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Northland Securities set a $20.00 price target on shares of Amprius Technologies in a report on Tuesday, October 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Roth Mkm set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Cantor Fitzgerald boosted 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. Six equities 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, Amprius Technologies has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Amprius Technologies Trading Up 6.2%

The stock has a market capitalization of $1.51 billion, a PE ratio of -44.52 and a beta of 3.04. The firm has a 50 day moving average price of $10.14 and a 200 day moving average price of $9.94.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results 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. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The business had revenue of $21.43 million during the quarter, compared to analyst estimates of $16.45 million. On average, equities research analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at $9,014,299.84. The trade was a 39.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kang Sun sold 43,185 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total transaction of $476,330.55. Following the completion of the transaction, the director owned 1,403,651 shares of the company’s stock, valued at approximately $15,482,270.53. The trade was a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,359,641 shares of company stock valued at $36,572,335 over the last three months. 12.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AMPX. Quarry LP bought a new position in shares of Amprius Technologies in the third quarter worth about $42,000. Jones Financial Companies Lllp boosted its stake in Amprius Technologies by 353.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after purchasing an additional 3,532 shares during the period. Parallel Advisors LLC bought a new position in Amprius Technologies in the 3rd quarter worth approximately $54,000. Geneos Wealth Management Inc. purchased a new position in shares of Amprius Technologies in the third quarter worth $74,000. Finally, Ameritas Investment Partners Inc. boosted its position 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 worth $40,000 after acquiring an additional 9,072 shares during the last quarter. 5.04% of the stock is 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.