Amprius Technologies (NYSE:AMPX) Stock Price Up 15.7% – Still a Buy?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) traded up 15.7% during mid-day trading on Friday . The company traded as high as $12.28 and last traded at $12.24. 8,513,106 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 9,115,983 shares. The stock had previously closed at $10.58.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Cantor Fitzgerald lifted their price objective on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Oppenheimer reissued an “outperform” rating and set a $17.00 target price on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Roth Mkm set a $14.00 price target on Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Needham & Company LLC began coverage on shares of Amprius Technologies in a report on Thursday, January 29th. They issued a “buy” rating and a $20.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Amprius Technologies has a consensus rating of “Moderate Buy” and an average target price of $16.57.

Amprius Technologies Price Performance

The stock’s 50 day simple moving average is $10.43 and its two-hundred day simple moving average is $10.15. The firm has a market cap of $1.60 billion, a P/E ratio of -47.08 and a beta of 2.99.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The firm had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. Equities research analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 39,690 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $476,280.00. Following the sale, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at $8,984,352. This trade represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kang Sun sold 43,185 shares of Amprius Technologies stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total value of $476,330.55. Following the completion of the sale, the director owned 1,403,651 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 3,399,331 shares of company stock worth $37,048,615. Company insiders own 12.90% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of large investors have recently made changes to their positions in AMPX. Voloridge Investment Management LLC purchased a new stake in Amprius Technologies in the third quarter worth approximately $19,737,000. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. grew 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 acquiring an additional 1,757,395 shares during the period. Invesco Ltd. increased its position in Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock valued at $25,031,000 after acquiring an additional 1,263,846 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in Amprius Technologies in the third quarter valued at about $11,392,000. 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.